Companies · Cybersecurity

Threat Stack, Inc.

BOSTON · Cybersecurity · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Threat Stack, Inc. — recommendation, valuation, rhythm, risks.
$59.8M
Total raised · real
5
Rounds
2.1×
Latest step-up
Top 10%
Sector rank · raised
Series B
Latest stage · inferred · Fri Sep 08 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Threat Stack, Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the cybersecurity sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.07× the median modeled value of Series B Cybersecurity companies in 2016–2018 (5 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.8 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Cybersecurity

Threat Stack, Inc. is one of 270 Cybersecurity companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 91% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
7
Investors (latest)
2012
Year incorporated
2017-09-08
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeed · 2013-08-26 Raised $1.3M (real) Modeled valuation $50M (est)Seed2013Seed · 2013-08-26 Raised $1.1M (real) Modeled valuation $43M (est)Seed2013Seed · 2014-04-01 Raised $2.7M (real) Modeled valuation $103M (est)Seed2014Series A · 2014-11-25 Raised $7.9M (real) Modeled valuation $249M (est)Series A2014Series A · 2014-11-25 Raised $5.0M (real) Modeled valuation $158M (est)Series A2014Series B · 2016-04-11 Raised $15M (real) Modeled valuation $532M (est)Series B2016Series B · 2017-09-08 Raised $33M (real) Modeled valuation $1.1B (est)Series B2017+$1.1M+$2.7M+$7.9M+$5.0M+$15M+$33MCumulative $66M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.3M · 2013
Seed extension$1.1M · 2013
Seed extension$2.7M · 2014
Series A$7.9M · 2014
Series A extension$5.0M · 2014
Series B$15.4M · 2016
Series B extension$32.5M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$1.1B
Base estimate est.
$81.3M
Conservative case
$4.3B
Upside case
$180.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Seed · modeled $50.4M · 2013-08-262013Seed · modeled $42.7M · 2013-08-26Seed · modeled $103.4M · 2014-04-01Series A · modeled $249.2M · 2014-11-25Series A · modeled $157.5M · 2014-11-25Series B · modeled $531.6M · 2016-04-11Series B · modeled $1.1B · 2017-09-082017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.45×/yr
Annual markup
1.75×/yr upside case
6.0 yr
Elapsed time used
8.8 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$14.8M/yr
Capital velocity
12.8 yr
On record since
2013
First round
7
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 9.6× above median
This company$59.8M
Sector median$6.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.6× above median
This company$32.5M
Sector median$20.5M
Modeled value — vs sector median (estimate, all stages) 25× above median
This company$1.1B
Sector median$45.4M

Raised more than 91% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 5.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Securly, Inc. · Series B Raised $23.6M · modeled $553.5M (est)Red Balloon Security, Inc. · Series B Raised $15.7M · modeled $542.9M (est)Security First Corp. · Series B Raised $74.8M · modeled $95.1M (est)3VR Security Inc · Series B Raised $34.9M · modeled $85.4M (est)Threat Stack, Inc. (this company) Raised $59.8M · modeled $1.1B (est)Threat Stack, Inc.
CompanyStageRaised · realValue · estvs peer med.
Threat Stack, Inc. this companySeries B$59.8M$1.1B2.07×
Securly, Inc.Series B$23.6M$553.5M1.02×
Red Balloon Security, Inc.Series B$15.7M$542.9M1.00×
Security First Corp.Series B$74.8M$95.1M0.18×
3VR Security IncSeries B$34.9M$85.4M0.16×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.3M2013-08-26$6.5M$50.4M85%
Seed$1.1M2013-08-26$5.5M$42.7M85%
Seed$2.7M2014-04-01$13.4M$103.4M85%
Series A$7.9M2014-11-25$36.0M$249.2M85%
Series A$5.0M2014-11-25$22.7M$157.5M85%
Series B$15.4M2016-04-11$85.4M$531.6M85%
Series B$32.5M2017-09-08$180.6M$1.1B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.3M2013-08-26
    • First recorded raise — entered as Seed.
    • 5 investors on this round.
  2. Seed$1.1M2013-08-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 06 (was Rule 506(b)).
    • 3 investors on this round.
  3. Seed$2.7M2014-04-01
    • Came back fast: 7 mo vs the ~15 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 4 investors on this round.
  4. Series A$7.9M2014-11-25
    • Came back fast: 8 mo vs the ~15 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 3 investors on this round.
  5. Series A$5.0M2014-11-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  6. Series B$15.4M2016-04-11
    • Raised 17 mo later, in step with the ~15 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 6 investors on this round.
  7. Series B$32.5M2017-09-08
    • Raised 17 mo later, in step with the ~15 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2018 ~Q2
Modeled next raise · ~8mo cadence
$68.7M
Modeled next size est.range $44.7M$110.0M
2.1×
Last step-up
$14.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Christopher P. Lynch3 other2014-04
Doug Cahill1 other2014-04
Ariel M. Tseitlin2017-09
Brian Ahern2014-11
Brian M. Ahern2016-04
Dustin M. Webber2014-04
Dustin W. Webber2013-08
Gaurav M. Tuli2017-09
Jeff M. Fagnan2017-09
Jennifer M. Andre2013-08
John W. Vigeant2013-08
Kevin M. Durkin2017-09
Maria M. Cirino2017-09
Maria P. Cirino2014-04
Registry & provenance

Threat Stack, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1585081
SEC CIK
2012
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Vera Security, Inc.CybersecuritySeries B$69.7M$479.9Msame sector · same stage
Xage Security, Inc.CybersecuritySeries B$72.0M$69.2Msame sector · same stage
Push Security, Inc.CybersecuritySeries B$49.4M$186.9Msame sector · same stage
Security First Corp.CybersecuritySeries B$74.8M$95.1Msame sector · same stage
Stellar Cyber Inc.CybersecuritySeries B$82.5M$370.6Msame sector · same stage
CyberGRX, Inc.CybersecuritySeries B$85.0M$1.4Bsame sector · same stage
CyberCube Analytics, Inc.CybersecuritySeries B$85.6M$497.1Msame sector · same stage
Securonix, Inc.CybersecuritySeries B$41.0M$415.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Threat X, Inc.CybersecuritySeries A$213.8M87%
Cyberspatial Inc.CybersecuritySeed$6.6M85%
Cyber Safety IncCybersecurityPre-Seed$3.7M85%
Cybercrunch, Inc.CybersecuritySeed$4.7M84%
Threatology, Inc.Other TechnologySeries A$129.6M84%
CyberConIQ, Inc.CybersecuritySeries A$47.7M83%
Tala Security, Inc.CybersecuritySeries A$37.8M83%
Cybersyn, Inc.CybersecuritySeries C$910.7M83%
Frequently asked
How much funding has Threat Stack, Inc. raised?
Threat Stack, Inc. has raised approximately $59.8M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Threat Stack, Inc.'s estimated valuation?
Provath's modeled valuation for Threat Stack, Inc. is approximately $1.1B (modeled range $81.3M–$4.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Threat Stack, Inc. at?
Threat Stack, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Sep 08.
What does Threat Stack, Inc. do and where is it based?
Threat Stack, Inc. operates in the Cybersecurity sector, based in BOSTON.
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