After raising its first round of capital just six months ago, Cambridge security startup Threat Stack secured another $2.7 million on Thursday, according to a recent filing. The financing comes from existing ventures Atlas Venture, along with .406 Ventures and Techstars.
The company also has a new chief executive, Doug Cahill. Cahill hails from file-sharing company Signiant, where he served as vice president of corporate business development. Prior to Signiant, the new CEO worked at local security software firm Bit9, where he was head of business development and product management for six years.
The company, which offers the first advanced security platform to protect company data in the cloud, was part of the Techstars 2013 Cloud Class, which took place in San Antonio, Texas. Upon the program’s completion, Threat Stack moved to Washington, D.C. for a brief stint before heading north to Boston.
Last October, Threat Stack raised a seed round of $1.2 million. Atlas Venture partner and Threat Stack investor Chris Lynch told BostInno that he played a key part in bringing the startup to the Hub. Explained Lynch in a previous interview, "I liked it and told them if they would move to Boston where I could help them, then I'd invest … They agreed, so I gave them a term sheet on the spot. We moved them up to Boston, and were able to get .409 Venture to follow."
This round brings Threat Stack’s total financing to $3.9 million.
