Modernizing Authentication — What It Takes to Transform Secure Access
Security startup Threat Stack announced on Sept. 19 that it has raised a new Series C round of funding, bringing in an additional $45 million.
The new round of funding was led by by F-Prime Capital Partners and Eight Roads Ventures, and included the participation of existing investors Scale Venture Partners, .406 Ventures, and Accomplice. Total funding to date for Threat Stack now stands at $70 million.
The new funding will be used by the company to help support go to market efforts as well as product development.
"Building on strong customer adoption and robust organic growth, we have set our sights on growing opportunities in existing markets and expanding into new ones," Brian M. Ahern, Threat Stack Chairman and CEO, stated. " Further investment in innovation will drive Threat Stack’s continued leadership in the cybersecurity market."
Threat Stack says it has grown revenue by 235 percent year-over-year as organizations around the world choose the company's cloud security monitoring and risk assessment platform technology. The core Threat Stack platform includes, real-time host monitoring, configuration auditing, threat intelligence correlation, vulnerability assessment and continuous compliance assessment capabilities.
"Security is still the number one barrier to cloud adoption around the world," Davor Hebel, Partner and Head of Europe Ventures at Eight Road Ventures stated. "Threat Stack has emerged as an early standard setter with many high profile cloud-native companies choosing it as their central security tool."
The company is also noteworthy for its workflow integrations, including an integration Slack for what the Threat Stack refers to as "Chat Ops Security. In a March 2016 podcast with eSecurityPlanet, Chris Gervais, VP, Engineering, and Pete Cheslock, senior director of Ops and Support at Threat Stack explained the company's approach to workflow integration.
Another key service offered by Threat Stack is AWS CloudTrail monitoring. In research report issued by the company in April, Threat Stack found that 73 percent of users were leaving the Secure SHell (SSH) service open to the public internet on their cloud instances.
"Every company is looking to get their arms around the security of their infrastructure," Ahern stated. "Most are dealing with a shortage of security talent and increasingly automated development processes - so there is a unique need for deploying security at speed and scale."
"Threat Stack has built a platform for both security and operations teams to do just that, " he said.
Sean Michael Kerner is a senior editor at eSecurityPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.