Philbert Shih | Structure Research

June 01, 2013

The round was led by existing private equity investor Stephens Group with participation from other angel investors. FireHost has now raised a total of $34m. We spoke with management and they indicated this round was initiated primarily to address the need to invest in more equipment, technology and products to meet a customer base that is trending up-market quite rapidly. It is investing in enterprise-grade capabilities and wants to meet customer demand for specific capabilities.