FireHost, a Dallas-based cloud hosting provider that has made security the focus of its offerings, today announced that it has raised $12 million in a Series D funding round.
The financing round was led by existing investment partner, The Stephens Group, a family-owned private equity firm based in Little Rock, Arkansas.
The announcement comes roughly nine months after the company announced that it had raised $10 million in a round also led by the Stephens Group.
FireHost has raised a total of $34 million in three years.
According to the company, the funding will be used to expand its market presence in the enterprise market, develop new enterprise-grade solutions and further protect clients with security, compliance, performance and managed services.
FireHost currently has locations in the U.S. and Europe, including data centers in Dallas, Phoenix, London and Amsterdam, and claims a customer base that spans more than 30 countries.
“Security and performance are diminishing as inhibitors to cloud adoption by all size companies, especially the enterprise. FireHost’s aggressive move in this market is well-timed and the company has addressed the specific needs of these customers with their infrastructure and managed services,” said Melanie Posey, research vice president of Hosting & Managed Network Services at IDC. “We’re starting to see a great deal of activity and excitement in this space, especially around Infrastructure-as-a-Service. This round of funding should allow FireHost to be as aggressive as they want to be, and build on the reputation they’ve established as a secure cloud provider.”
“As investors, we are thrilled with the company’s continued performance and look forward to our next steps together,” said Aaron Clark, vice president at The Stephens Group, LLC.
SecurityWeek is also happy to have Chris Hinkley, a Senior Security Engineer at FireHost, as an ongoing columnist.
