Business & Tech

Threat Stack boosts funding with $45 million round

Employees worked in Threat Stack’s Boston offices in September 2016.

Suzanne Kreiter/Globe Staff/File

Employees worked in Threat Stack’s Boston offices in September 2016.

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Threat Stack, a Boston-based cybersecurity company focused on protecting cloud-based data from intrusions, said Tuesday that it has raised $45 million in new funding as it looks to expand its global presence.

The funding round was led by F-Prime Capital Partners, an affiliate of Fidelity Investments, and it increases the total amount raised by the company to more than $70 million.

“Building on strong customer adoption and robust organic growth, we have set our sights on growing opportunities in existing markets and expanding into new ones. Further investment in innovation will drive Threat Stack’s continued leadership in the cybersecurity market,” Threat Stack chairman and chief executive Brian M. Ahern said in a statement.

Andy Rosen can be reached at andrew.rosen@globe.com. Follow him on Twitter @andyrosen.
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