(Bloomberg) -- After selling his last company to IBM for $2 billion, Lance Crosby is now the one doing the acquiring. StackPath, a cybersecurity firm he founded last year, has already raised $180 million and bought at least four startups.
The strategy is unusual for a company just starting out. The financing, including a $150 million commitment from private equity firm ABRY Partners, is the second-biggest so far this year for a company at this stage, according to research firm PitchBook. (The largest was autonomous-car startup Zoox Inc.)
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