Cloud Hosting Provider FireHost Raises $25 Million in Series E Funding

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FireHost announced on Wednesday that it has raised a $25 million Series E funding round led by The Stephens Group, its longtime investment partner.

The latest funding round will be used to drive the FireHost’s product development, sales and brand awareness.

The funding will also strengthen the company’s investment in protecting its clients from increasingly complex security threats. In 2013, FireHost blocked more than 100 million hack attempts targeted at its customers.

The funding comes as FireHost announced that its founder Chris Drake would be passing his role as CEO to Jim Lewandowski so that he could focus on driving the company’s technology as CTO. The WHIR talked to Drake and Lewandowski about the transition and why it’s a good thing for the company.

FireHost has marketed itself as a secure cloud hosting provider since its launch in 2009. FireHost said it has doubled revenue in each of the past three years.

“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, The Stephens Group said in a statement. “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. FireHost is a secure cloud trailblazer and represents what the cloud provider of the future will be.”

Last year, FireHost raised $12 million in a Series D funding round.

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