Secure cloud provider FireHost has closed $25 million in its latest funding round led by the Stephens Group. The Dallas-based firm will use the capital infusion to beef up its research and development, workforce, and marketing campaigns, according to Dallas News.
Stephens Group managing director Robert Covington said of FireHost: "This is a very focused company dedicated to serving customers and a leader in the increasingly important market of secure clouds. With the continuous stream of publicized data breaches, FireHost's mission has never been more important."
According to FireHost chief operating officer (COO) Jared Day, the company wants to become a leader in the cloud service sector. They will take advantage of the data security need of retail, financial, and health care firms to achieve that goal, the report explained.
Founded by Chris Drake in 2009, FireHost provides a one-stop shop for secure cloud hosting services for its customers. The company currently employs 180 centers across its five data centers. Kimberly Clark, Johns Hopkins University, and PetSmart are among its clients, Dallas News reported.
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