Threat Stack Downloads $15.4M to Protect Data in the Cloud
An up-and-coming Boston cybersecurity company just picked up a big chunk of cash to help companies fight off software attacks—an increasingly complex task in the cloud era.
Threat Stack today announced a $15.4 million Series B funding round led by Scale Venture Partners, with contributions from previous backers, including Accomplice and .406 Ventures. Ariel Tseitlin, a Scale partner and former Netflix director of cloud solutions, will join Threat Stack’s board. The four-year-old startup says it has raised more than $26 million from investors to date.
Threat Stack’s cloud-based software helps customers continuously monitor and respond to cyber attacks across their servers, whether they’re based in private, public, and/or hybrid cloud infrastructures. The company says its software can replace fragmented security products from other vendors and help reduce complexity in an organization’s security measures.
Threat Stack takes a more modern approach to security, compared with older, more traditional players that emerged before businesses started migrating to cloud servers. Its offerings appear to have some things in common with startups such as Cybereason (detecting anomalous activity), CloudLock (cloud security), and IBM-owned Resilient Systems (incident response), among others.
Threat Stack, an alum of the Techstars Cloud accelerator program in San Antonio, TX, was born in Washington, DC, but moved to the Boston area in 2013. The company says the new money will enable it to hire more people and move into a new Boston headquarters in the coming months.