Container and cloud security company Sysdig on Wednesday announced raising $350 million in a Series G funding round, at a valuation of $2.5 billion.
The latest funding round, which brings the total raised by Sysdig to roughly $750 million, was led by Permira, with participation from Guggenheim Partners, Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital, Goldman Sachs, Insight Partners, Next47, Premji Invest & Associates, and Third Point Ventures.
Sysdig says it plans on using the money to accelerate its expansion in Europe, the Middle East, the APAC region and South America. The funding will also enable the company to enhance its offering, expand its partner program, and hire more people.
Sysdig claims to have 700 customers and an annual recurring revenue of over $875,000 across the top 50 customers. The firm achieved unicorn status in April 2021, when it raised $188 million.
Sysdig offers a secure DevOps platform that is designed to provide organizations security and visibility capabilities for their containers, cloud and Kubernetes. The company’s solutions enable customers to secure software build pipelines, detect and respond to runtime threats, monitor the performance and capacity of cloud and container services, and manage cloud posture and compliance.
Sysdig, which started as an open source project, still provides some open source tools that have been downloaded tens of millions of times.
“We’ve seen massive investor interest in Sysdig as the cloud security market is experiencing hyper growth,” said Suresh Vasudevan, CEO of Sysdig. “Cloud adoption has accelerated into the mainstream, and as a result, demand for Sysdig and Falco have skyrocketed. Cloud security teams quickly realize the importance of runtime threat detection for containers and cloud, and Sysdig is the clear choice.”
Related: Secure DevOps Company Sysdig Raises $70 Million
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