Sysdig Closes $68.5 Million in Series D Funding to Enable Enterprises to Secure and Monitor Containers and Cloud-Native Applications
Sysdig, Inc., the cloud-native intelligence company, today announced it raised $68.5 million in series D funding, led by Insight Venture Partners, with participation from previous investors, Bain Capital Ventures and Accel. This round of funding brings Sysdig’s total funding to date to $121.5 million. Sysdig will use the funds to extend its leadership in enabling enterprises to operate reliable and secure containerized infrastructure and cloud-native applications.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180912005308/en/
Sysdig closes $68.5 million in series d funding to enable enterprises to secure and monitor containers and cloud-native applications (Graphic: Business Wire)
Suresh Vasudevan, CEO at Sysdig, authored a blog post with more information on Sysdig's funding.
Sysdig offers enterprises the first unified approach to container security, monitoring, and forensics. Unlike traditional approaches, the Sysdig Cloud-Native Intelligence Platform was built with an understanding of the modern DevSecOps workflow across Kubernetes, Docker and both private and public clouds. Sysdig’s open source forensics technology, Sysdig, and its open source security project, Sysdig Falco, have a community of millions of users, and provide the foundation for a rich, commercial product set. Dozens of Global 2000 enterprises are Sysdig customers today, including many of the world’s largest financial institutions, media companies, cable companies, technology companies, and government agencies.
451 Research predicts the cloud-enabling technology market to grow to $39.6B through 2020, and containers are predicted to be the fastest growing segment of that market at 40%. Gartner predicts that “by 2020, more than 50% of global organizations will be running containerized applications in production, up from less than 20% today.”1
“As enterprises accelerate their move to cloud-native applications, they recognize the need for a new breed of solutions that will enable them to meet performance, reliability, security, and compliance requirements,” said Richard Wells, Managing Director at Insight Venture Partners. “Sysdig’s novel approach of tapping an entirely new data source that provides both security and monitoring for container-based applications has proven more effective, more scalable, and higher ROI. That significant technological advantage combined with an experienced management team led by CEO Suresh Vasudevan gives Sysdig a strong position in the marketplace and we are excited to welcome them to the Insight portfolio.”
Sysdig launched Sysdig Secure in October of 2017, cementing the Sysdig Cloud-Native Intelligence Platform as the only solution to offer unified security, monitoring, and forensics with native Kubernetes and Prometheus integration for containers and microservices. Last quarter, Sysdig expanded on the deep container visibility Sysdig provides to create Sysdig Secure 2.0, which brings vulnerability management, more than 200 compliance checks, and security analytics to cloud-native environments and microservices for enterprise customers. Sysdig Secure is the first container security offering to take a data-driven approach across all aspects of the container lifecycle.
“Enterprises are adopting cloud-native technology for its speed of development, multi-cloud scaling capabilities, and lower total cost of ownership,” said Suresh Vasudevan, CEO at Sysdig. “But, they are hitting roadblocks with old school security and monitoring products. To be successful, these organizations need new solutions that are cloud-native. Sysdig has emerged as the only solution that delivers enterprises the complete set of capabilities needed to protect an environment, ensure that it is running smoothly, and meet compliance requirements. Sysdig delivers it all, both in the cloud and on-premise, in order to grow with companies as they undertake this journey.”
This round of funding further accelerates the strong momentum and rapid growth Sysdig has experienced over the last year. Downloads of Sysdig Falco have roughly tripled over the last 12 months and active users of the Sysdig SaaS offerings have grown nearly six times year over year. Last month, Sysdig opened a second headquarters in Raleigh, North Carolina to keep up with company growth while the company also continues to scale its offices in San Francisco, Belgrade, and London.
In addition to its global growth, Sysdig has expanded its executive team with the hiring of Suresh Vasudevan as CEO in April and Larry Castro as VP of finance and corporate operations last month. Sysdig continues to deliver on its commitment to leading the industry by collaborating with the Cloud-Native Computing Foundation, the PCI Security Council, and industry partners and by contributing to the development of security recommendations for modern infrastructure.
Sysdig is the cloud-native intelligence company.
We have created the only unified platform to deliver container security, monitoring, and forensics in a microservices-friendly architecture. Our open source technologies have attracted a community of over a million developers, administrators and other IT professionals looking for deep visibility into applications and containers. Our cloud-native intelligence platform monitors and secures millions of containers across hundreds of enterprises, including Fortune 500 companies and web-scale properties. Learn more at www.sysdig.com.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive founders to accelerate their ideas to market. The firm invests from seed to growth in enterprise software, infrastructure software, crypto, and industries being transformed by data. Bain Capital Ventures has helped launch and commercialize more than 200 companies since 1984, including DocuSign, Jet.com, Kiva Systems, LinkedIn, Rapid7, Redis Labs, Rent the Runway, SendGrid, SurveyMonkey, SysDig, Taleo, and Turbonomic. Bain Capital Ventures has approximately $3.9 billion in assets under management with offices in San Francisco, Palo Alto, New York and Boston. Follow the firm via LinkedIn or Twitter.
Accel partners with exceptional founders with unique insights, from inception through all phases of growth. Atlassian, Braintree, Cloudera, Crowdstrike, DJI, DocuSign, Dropbox, Etsy, Facebook, Flipkart, Jet, Pillpack, Qualtrics, Slack, Spotify, Supercell, Tenable, Venmo and Vox Media are among the companies the firm has backed over the past 35 years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn't have a stereotype. For more, visit www.accel.com, www.facebook.com/accel or www.twitter.com/accel.
1 Gartner, Smarter with Gartner, 6 Best Practices for Creating a Container Platform Strategy October 31, 2017, https://www.gartner.com/smarterwithgartner/6-best-practices-for-creating-a-container-platform-strategy/
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
IFF Recognized by SAM’s 2019 “Industry Mover” Sustainability Award15.2.2019 21:15:00 | Pressemelding
Regulatory News: International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), was recognized for its sustainability efforts with the 2019 “Industry Mover” award from SAM, a subsidiary of RobecoSAM which specializes in providing environmental, social and governance (ESG) data, benchmarks and ratings. The recognition acknowledges the Company’s top-scoring performance in economic, social and environmental categories. “We are thrilled to receive this award from SAM,” said Andreas Fibig, IFF Chairman & CEO. “Our sustainability efforts are not only a key enabler of our overall strategy, but also a true passion here at IFF -- and we place it at the forefront of everything we do. It is deeply gratifying to have our work and our people recognized for doing the right thing for the planet.” SAM’s 2019 scoring is based on its 2018 Corporate Sustainability Assessment. Using a weighted methodology, SAM evaluates companies for criteria such as: codes of business conduct, ope
SFL: strong financial position and results in 2018, consolidating the Group’s position as a prime player15.2.2019 18:01:00 | Pressemelding
Regulatory News: The financial statements for the year ended 31 December 2018 were approved by the Board of Directors of Société Foncière Lyonnaise (Paris:FLY) on 15 February 2019 at a meeting chaired by Juan José Brugera. 2018 business indicators were very robust, with further underlying growth in rental income and historically high EPRA earnings. The portfolio's appraisal value and the Company's net asset value also continued to grow, attesting to SFL’s excellent positioning. The auditors have completed their audit of the annual financial information and are in the process of issuing their report. Consolidated data (€ millions) 2018 2017 Change Rental income 193.5 195.8 -1.2% Adjusted operating profit* 162.1 164.1 -1.2% Attributable net profit 351.6 685.3 - EPRA earnings 106.7 102.4 +4.1% * Operating profit before disposal gains and losses and fair value adjustments 31/12/2018 31/12/2017 Change Attributable equity 4,010 3,763 +6.6% Consolidated portfolio value excluding transfer cost
5 Happening Cultural Destinations to Visit in 201915.2.2019 10:11:00 | Pressemelding
Hong Kong There’s never really a sleepy year to visit Hong Kong, but 2019 is particularly ripe for visitors. Spearheaded by the dynamic entrepreneur Adrian Cheng of K11 and New World Development, the rejuvenation of Tsim Sha Tsui harbourfront is just the starting point. The city’s iconic harbourside walkway, Avenue of Stars, has just received a much-awaited makeover that’s the brainchild of Cheng and visually conceived by James Corner, the landscape architect responsible for the High Line in New York. It sees the addition of design-driven rest areas, kiosks featuring homegrown brands, hand prints from Asian film stars and interactive digital elements. Featuring Hong Kong’s first wave energy demonstrator that produces electricity for the Avenue, the place is turned into one of the most sustainable promenades in Hong Kong. This is just one part of Cheng and his company’s grander urban revitalisation plan, Victoria Dockside, a new art and design district which will fully open in the third
ISAE-SUPAERO Launches a New MOOC about Flight Mechanics15.2.2019 09:36:00 | Pressemelding
"ABC of Flight Mechanics: How Do Planes Fly?": a MOOC dedicated to flight mechanics. The notion of flight often defies our human terrestrial instincts. How does an airplane fly? How can a pilot maintain control? How high in the sky can an aircraft climb? How does a fighter pilot fly while spinning? This online course (available in English) will cover many topics, such as atmospheric physics and Newton's laws applied to aircraft, as well as propulsion forces and longitudinal stability the question of traction. The MOOC "ABC of Flight Mechanics" is aimed at general public with a specific level of scientific knowledge. Nevertheless, various levels of learning are available, thus it allows all students to take the course without needing to plenty understand the mathematical principles. Undergraduate students in aerospace engineering, trainees as well as novice and experienced pilots, journalists and professionals in the aeronautics domain (business, engineering, marketing, communications,
REPLY: Red Reply Wins the Oracle “Partner of the Year Autonomous” Award15.2.2019 09:30:00 | Pressemelding
Red Reply, the Reply group company that specialises in the Oracle Cloud IaaS and PaaS platform has been named as Oracle “Partner of the Year: Autonomous.” The award recognises Red Reply for its work as an Oracle Cloud Managed Service Provider Partner in developing highly innovative projects using the Oracle Autonomous Database technology. Red Reply has launched a project aimed at re-engineering the Policy Enterprise DataWarehouse of Verti Assicurazioni, company operating in the online insurance sector, using the Oracle Cloud Autonomous DataWarehouse service. The Autonomous DataWarehouse is a cloud-based database that uses machine learning to eliminate manual labour in operations such as tuning, security, backups, updates and other routine activities. This selected Oracle solution is the only one of its kind capable of addressing aspects such as security, performance and high availability of data, using automatic update and tuning mechanisms, while maximising the protection of data in l
Posiflex showcases new Interactive Self-Service Kiosks and IoT Retail Product Innovations at EuroCIS 201915.2.2019 08:00:00 | Pressemelding
The Posiflex Group — a synergy of world-leading POS, kiosk, and industrial computing technologies — will introduce its full product portfolio and latest innovations at EuroCIS, the leading trade fair for retail technology, from February 19th – 21st in Düsseldorf. With a product strategy focus on serviced IoT, the Posiflex Group will be displaying smart and connected retail solutions with fully-integrated middleware, RMS (Remote Monitoring System) and hardware. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190215005008/en/ Posiflex at EuroCIS Hall 9 / C42 (Graphic: Business Wire) “I am excited to introduce the Posiflex Group portfolio to the European market,” says Hans Peter Nüdling, the newly appointed Chief Strategy Officer for the Posiflex Group. “The Posiflex Group references the collective brands of the corporation, including Posiflex, Portwell and KIOSK Information Systems (KIOSK) – all under one corporate umbrella. As