FireHost announced a $25 million Series E funding round led by investment partner The Stephens Group. How does FireHost plan to use the funds?
FireHost CEO Jim Lewandowski
FireHost, a managed cloud infrastructure-as-a-service (IaaS) provider, has received $25 million in Series E funding led by private investment firm The Stephens Group. According to a press release, FireHost plans to use the funds to extend its brand awareness, product development and sales.
"This funding round allows us to invest further in the technology required to provide our customers the type of secure cloud computing they have come to expect from FireHost," Jim Lewandowski, FireHost's CEO, said in a prepared statement. "We remain humble and emboldened for the next phase of what FireHost can do for its customers."
In addition, FireHost said that it will invest in cloud computing solutions to help its customers better protect their critical applications and data.
"FireHost is taking a significant step forward in realizing its vision to provide secure clouds to a range of customers, particularly those with the most demanding compliance and data protection needs," Robert Covington, Managing Director of The Stephens Group, said in a press release. "With the continuous stream of publicized data breaches, FireHost's mission has never been more important. FireHost is a secure cloud trailblazer and represents what the cloud provider of the future will be."
The FireHost cloud security solution leverages an Intelligent Security Model that's designed to protect users against international and domestic threats. FireHost offers multiple layers of real-time protection and blocks over 8 million attacks per month thanks in part to this model, the company claims.
FireHost has grown over the past few years, and the Series E funding could help it further extend its reach. This cloud company has doubled its revenue in each of the last three years, it reports, and it has blocked more than 100 million hack attempts targeted at its customers in 2013.