Business Wire

Sysdig Closes $68.5 Million in Series D Funding to Enable Enterprises to Secure and Monitor Containers and Cloud-Native Applications

Jaa

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 containe ...

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.

About Sysdig

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.

About Accel

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/

Contact information

280blue, Inc.
Amanda McKinney
amanda@280blue.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

Amy Palladino Joins BCW as Executive Vice President, Managing Director, Corporate Practice21.9.2018 20:43Tiedote

BCW (Burson Cohn & Wolfe), a leading global communications agency, today announced that Amy Palladino has joined the agency as Executive Vice President, Managing Director in the agency’s U.S. Corporate Practice. Based in New York, Palladino will focus on senior client counsel and executive positioning for the agency’s largest corporate clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005507/en/ Amy Palladino Joins BCW (Burson Cohn & Wolfe) “Amy is a talented and highly experienced communications executive with a track record of solving clients’ complex challenges and building business through smart, integrated communications approaches,” said Chris Foster, President, North America, BCW. “Her creativity and judgement will be enormously valuable to our current and prospective clients.” Palladino has more than 20 years of experience advising global clients across numerous industries, including technology, healthcar

Heidelberg Engineering Announces the CE-Marking of ANTERION21.9.2018 19:41Tiedote

Heidelberg Engineering, the leader in diagnostic imaging known for the internationally-acclaimed SPECTRALIS ® retina and glaucoma platform, announces the CE-marking of ANTERION ® – an innovative platform designed to transform anterior segment diagnostics and workflow. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005442/en/ The new Heidelberg Engineering ANTERION® provides the most important anterior segment examinations and measurements in one modular, upgradeable platform. (Graphic: Business Wire) The new ANTERION provides the most important anterior segment examinations and measurements in one modular, upgradeable platform. It is a single, workflow-efficient solution that brings together corneal topography and tomography, anterior segment metrics, axial length measurement and IOL calculation to transform the day-to-day routine of busy practices and clinics. Heidelberg Engineering has leveraged its core OCT technolo

Florian Winterstein Becomes New CEO of Jedox21.9.2018 18:46Tiedote

The supervisory board of Jedox AG, a leading vendor of business intelligence and enterprise planning software, has appointed Florian Winterstein as Chief Executive Officer (CEO) effective October 2, 2018. This nomination will support Jedox’s international growth and a new development phase initiated by its latest fund raising in April 2018 with Iris Capital, eCAPITAL entrepreneurial Partners AG and Wecken & Cie. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005416/en/ Florian Winterstein (Photo: Business Wire) With 25 years of experience in strategy consulting and leadership in software and service organizations, Winterstein brings to the company a valuable combination of expertise in cloud solutions, business development, and value creation for customers and partners. As former Chief Strategy Officer of BravoSolution, he positioned the software-as-a-service company as trendsetting digitalization partner, extending it

Avinor to Test Autonomous Snowploughs at Oslo Airport This Winter21.9.2018 17:37Tiedote

Since 2010 Avinor has had a vision and a desire to automate winter maintenance. In March autonomous snow clearing was demonstrated at Fagernes Airport, and this winter Avinor is taking this a step further by testing two autonomous snowploughs at Oslo Airport. The project is one of the first globally where large machinery will operate autonomously to keep snow away from airport areas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005363/en/ Avinor to Test Autonomous Snowploughs at Oslo Airport This Winter (Photo: Business Wire) “Innovation is important to Avinor. In the future, many tasks in aviation will be resolved in other ways than today. Avinor wants to test autonomy, and does of course see a potential for rationalization in the future through new solutions for winter operations and in other areas. Avinor is at the forefront of testing this technology, but it is essential that safety is ensured in all such testing

Takeda Receives Positive CHMP Opinion Recommending ALUNBRIG® (brigatinib) for the Treatment of ALK+ Non-Small Cell Lung Cancer in Patients Previously Treated with Crizotinib21.9.2018 16:30Tiedote

Takeda Pharmaceutical Company Limited (TSE: 4502) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion, recommending the full approval of ALUNBRIG® (brigatinib) as a monotherapy for the treatment of adult patients with anaplastic lymphoma kinase-positive (ALK+) advanced non-small cell lung cancer (NSCLC) previously treated with crizotinib. ALUNBRIG is a tyrosine kinase inhibitor (TKI) designed to target and inhibit the ALK mutation in NSCLC. Approximately three to five percent of NSCLC patients globally have the ALK mutation. If the CHMP opinion is affirmed, and the European Commission approves ALUNBRIG, it will become the only ALK inhibitor available in the European Union as a one tablet per day dose that can be taken with or without food. The randomized, global Phase 2 ALTA trial was designed to investigate the efficacy and safety of ALUNBRIG in patients with locally advanced or metastatic ALK+

Asda Selects HCL Technologies to Help Drive IT Transformation21.9.2018 15:16Tiedote

HCL Technologies (HCL), a leading global technology company, today announced that it has been selected to help drive IT transformation at the UK’s third-largest grocery retailer, Asda. The three-year application services contract will see HCL transform Asda’s IT Application Services with a new DevOps delivery model to drive data and analytics and support back-office applications through the full lifecycle of development, testing and support. HCL will also build a central data management platform to enable Asda to improve its insight and analytics capabilities. Asda operates more than 600 stores across the UK, employing over 135,000 people. Asda wanted to adopt a more agile approach towards application development and testing. This would allow the company to respond faster to business requirements and reduce time to market, while driving better user experience and satisfaction. HCL was selected due to its extensive expertise in successfully delivering similar large scale IT transformati

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme