(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.)

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access