Sysdig pulls in $70m for its Series E round led by Insight Partners

DevOps solution developer Sysdig has raised $70m in its Series E round which was led by Insight Partners.

Additional contributions came from Bain Capital Ventures, Accel, Glynn Capital and Goldman Sachs.

Sysdig is using the capital to extend its market presence and better secure business operations.

The company’s technology is used for security, monitoring and compliance processes and claims to be the only provider to support a secure DevOps approach by integrating monitoring and security into a unified platform.

Goldman Sachs Vice President of Merchant Banking Soumya Rajamani said, “As a customer, we are impressed with Sysdig’s technology and the company’s open source approach to security. We look forward to Sysdig joining our investment portfolio and seeing their continued growth as a leading Kubernetes security vendor.”

The company has raised a total of $206m in funding since it was founded.

Sysdig closed a $68.5m in its Series D round back in 2018. The round was backed by Insight Ventures, Accel and Bain Capital Ventures to support the development of Sysdig’s technology.

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