# StormPath

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stormpath

- Industry: IT Security/Cybersecurity
- Headquarters: San Mateo, US
- Website: www.stormpath.com
- Total disclosed funding: $25M
- Latest round: Series B (Aug 5, 2015)
- Investors on record: 4

## About

StormPath Inc. specializes in providing digital solutions tailored for web hosting and management, focusing on enhancing online infrastructure for businesses of all sizes.Founded in 2011 in San Mateo, US, StormPath Inc. delivers cloud-based solutions for web hosting and management. The company has undergone growth and operational enhancements since its inception. It received a Series B funding round of USD 15.00 mn in March 2017, led by Scale Venture Partners, and has raised a total of USD 15.00 mn to date. StormPath was acquired by Okta, Inc. in March 2017, with undisclosed financial terms.StormPath offers a comprehensive suite of digital solutions, including scalable hosting services, website management tools, and performance optimization solutions. These products cater to a diverse clientele, from small businesses to large enterprises, addressing common challenges such as downtime, slow loading speeds, and security vulnerabilities, especially in North America and Europe.The company's revenue model is subscription-based, allowing clients to choose from various service tiers with monthly or annual payment options. Clients benefit from advanced hosting packages and tailored website management solutions, fostering long-term relationships as satisfied customers frequently renew subscriptions and upgrade to higher-tier services.StormPath plans to leverage the recent funding from its Series B round to expand its product offerings and enter new markets. Although specific new products have not been detailed, the company aims to enhance its service portfolio. Furthermore, the acquisition by Okta, Inc. suggests a strategic alignment that may facilitate entry into new geographic regions and broaden its client base.

## Funding rounds

- Series B, Aug 5, 2015, $15M — New Enterprise Associates, Pelion Venture Partners, Scale Venture Partners
- Series A, Nov 20, 2012, $8.2M — New Enterprise Associates, Pelion Venture Partners, Flybridge Capital Partners
- Seed, Oct 21, 2011, $1.5M — New Enterprise Associates, Flybridge Capital Partners

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A, Series B
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Seed, Series A
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A, Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B