Cloud-native intelligence company Sysdig raises $68.5m

Sysdig, a San Francisco, CA-based cloud-native intelligence company, has raised $68.5m in Series D funding.

The round, which brought total funding to date to $121.5m, was led by Insight Venture Partners, with participation from previous investors Bain Capital Ventures and Accel. Sysdig said the new capital will enable it to further extend its technology differentiation, accelerate its pace of customer acquisition, and drive deeper adoption within our installed base.

Sysdig provides enterprises with an intelligence platform to operate reliable and secure containerized infrastructure and cloud-native applications. The company’s cloud-native intelligence platform was built with an understanding of the modern DevSecOps workflow across Kubernetes, Docker and both private and public clouds. Its open source forensics technology, called 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.

CEo Suresh Vasudevan said, “The best validation of our approach comes from customer adoption of our products. We have individual customers monitoring millions of containers using our technology. We have customers handling daily transaction volumes of hundreds of millions of dollars, relying on our technology to ensure PCI compliance. For example, a large government agency with a crime prevention mandate leverages our run-time detection capabilities to protect applications dispersed across the nation.”

Dozens of Global 2000 enterprises use the platform, including many of the world’s largest financial institutions, media companies, cable companies, technology companies, and government agencies. Sysdig recently opened second headquarters in Raleigh, North Carolina, which added to offices in San Francisco, Belgrade, and London.

Earlier this year, Insight Venture Partners raised $6.3bn for the final close of its tenth fund, bringing its total committed capital to more than $23bn. The fund close came a month after the venture capital investor backed Jama Software, a Portland, Oregon-based product development platform provider.

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