Threat Stack, a Boston, MA-based cloud security and compliance management platform, secured $15.3m in Series B funding.
The round was led by Scale Venture Partners with participation from existing investors Accomplice and .406 Ventures. In conjunction with the funding, Ariel Tseitlin, a partner at Scale, will join the company’s board of directors.
The company, which has raised more than $26m to date, intends to use the funds to double the headcount in the next year, accelerate sales, marketing and engineering to further enhance product capabilities and user experience.
Led by Brian M. Ahern, chairman and CEO, Threat Stack provides a cloud-based security platform that supports security insight across all environments, cloud security providers and containers. Used by companies in the healthcare, fintech and SaaS sectors, among others, the solution identifies and verifies insider threats, external attacks and data loss in real-time.