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Container Security Firm Sysdig Raises $68.5 Million

Sysdig, a company whose products help enterprises secure and monitor containers and cloud-native applications, announced on Wednesday that it raised $68.5 million in a series D funding round.

Sysdig, a company whose products help enterprises secure and monitor containers and cloud-native applications, announced on Wednesday that it raised $68.5 million in a series D funding round.

The latest round, led by Insight Venture Partners with participation from previous investors Bain Capital Ventures and Accel, brings the total amount raised by the company to date to $121.5 million.

The company says it will use the newly obtained funds to improve its technology, accelerate customer acquisition, and expand its workforce.

“We have three investment priorities as we look to leverage our series D funding round,” said Suresh Vasudevan, CEO at Sysdig. “First, to invest aggressively in our technology platform as we look to extend our leadership in container security and monitoring. Second, to invest aggressively in our sales and marketing and customer success initiatives as we look to build a thriving community of happy customers and users. Third, to continue expanding our team of talented employees that are passionate about enabling our customers to run reliable and secure containers and microservices.”

Sysdig’s products enable organizations to closely monitor their containers and microservices, ensure that vulnerabilities are identified and threats are blocked, and enforce compliance.

One of the company’s open source tools provides visibility, troubleshooting and forensics capabilities for containers. Another open source tool, Sysdig Falco, provides visibility into the behavior of containers and apps in an effort to help users identify potentially malicious activity. The vendor says these open source tools are supported by a community of millions of users.

Sysdig says its commercial products are used by hundreds of enterprises to secure millions of containers. Customers are said to include organizations in the financial, media, tech and government sectors, including Global 2000 and Fortune 500 companies.

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“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,” commented 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.”

Related: Cylance Announces $120 Million in Funding

Related: BitSight Raises $60 Million in Series D Funding Round

Related: Code Analysis Firm Semmle Launches With $21 Million in Funding

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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