California-based secure DevOps company Sysdig on Wednesday announced that it raised $70 million in a Series E funding round, which it plans on using to fuel global expansion, including through significant investments in sales and marketing.
The round was led by Insight Partners, with participation from Bain Capital Ventures, Accel, Glynn Capital, and Goldman Sachs. This Series E round brings the total raised by Sysdig to $206 million.
Sysdig provides a platform designed to make it easier for organizations to embed security, compliance and performance into their DevOps workflow.
The platform has two main components: Sysdig Secure, which helps companies that develop Kubernetes applications identify vulnerabilities, ensure compliance, neutralize threats, and respond faster to incidents; and Sysdig Monitor, which provides Kubernetes monitoring capabilities to help manage risks, health and performance for microservices.
The company also announced on Wednesday the launch of Sysdig Japan GK, its Japanese subsidiary. Last year, it opened two new offices, in Spain and Italy.
Sysdig claims to have more than doubled revenue from Fortune 500 financial institutions in 2019.
“Containers and Kubernetes will take over the world,” said Sysdig CEO Suresh Vasudevan. “Over the last year, we have seen competitors partner in an attempt to deliver capabilities similar to ours, but the reality is, these approaches cannot provide the level of visibility and security that we can, even when they use multiple tools. As Kubernetes adoption increases, CISOs will continue to recognize that their IT teams and security tools need to adapt. In 2020, we look forward to partnering with more Global 2000 organizations in their cloud-native journeys.”
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