FireHost, a Dallas based cloud hosting provider that has made security the focus of its offerings, today announced that it has raised $10 Million in a Series C round of funding. The announcement comes just about a year to the day when the company announced that it raised $10 Million in a Series B funding round last September.
The company says it has experienced a growth rate of almost 200 percent year over year, and that it would use the new capital to propel global growth and roll out new offerings for its secure cloud hosting services.
FireHost claims a wide range of customers, from start-ups to Fortune 50 companies that have security top of mind when it comes to their web presence. The company’s customer list includes companies such as 3M, Farmers Insurance, Johns Hopkins University, ArcSight by HP, and Hamilton Beach.
FireHost currently has operations in the US and Europe, and plans to expand into more countries over the next year. The company announced the opening of two European data centers located in London and Amsterdam back in January of this year.
“FireHost has some exciting initiatives just over the horizon that we’ll be able to execute on quickly with this new capital,” adds Chris Drake, CEO of FireHost. “Expect some market changing announcements from us in the coming months.“
“The cloud hosting industry is expanding and evolving at a rate that can’t be ignored. 451 Research analysts are watching this movement very closely, including the vendors that shape it,” said Jason Verge, analyst with 451 Research. “FireHost is one of those exciting companies we've kept our eye on for nearly three years and have followed how it's innovating in the areas of public cloud security and infrastructure-as-a-service. Its aggressive roadmap and this new round of capital could mean FireHost has a significant impact on the hosting space in the coming year.”
The investment comes entirely from previous investors, mainly The Stephens Group, a family-owned private equity firm based in Little Rock, Arkansas, along with other angel investors that have invested in the company since its inception.
“FireHost has created exactly what the market needs, at exactly the right time, and is executing flawlessly,” said Aaron Clark, vice president of The Stephens Group, LLC. “As investors, everything about this company excites us. The leadership, the technology, and the market opportunity couldn’t be brighter. Our group is thrilled to be FireHost’s primary investment partner.”