Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Secure DevOps Company Sysdig Raises $70 Million

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.

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.”

Advertisement. Scroll to continue reading.

Related: Cloud Security Firm Lacework Raises $42 Million

Related: Kubernetes Security Firm Tigera Raises $30 Million

Related: Container Security Firm Twistlock Raises $33 Million

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.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

Funding/M&A

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.