Sysdig Inc. which is a container security startup today announced that they have raised an amount of $68.5 million late-stage round of funding which also brings its total capital raised to $121.5 million.
Insight Venture Partners led the funding round of Series D round, which also saw participation from some of the previous leading investors, Bain Capital Ventures and Accel.
Sysdig’s backers are betting on the company’s with the help of an “unified approach” to container security, which involves some of the more thing to the monitoring for threats and also providing forensic tools to investigate if there is any issues. The company sells what it calls a “cloud native intelligence platform” based on two open-source projects it leads: its namesake “Sysdig” forensics platform and the “Sysdig Falco” security project. The software is meant to secure deployments of application containers, which are used by developers to build apps just once that can then run on any platform.
Sysdig reckons it has already gained lots of traction in the space, with downloads of the Sysdig Falco platform tripling in the last three months and its active user base up by six times in the last year. The company has also made some notable hires in recent months, including its new Chief Executive Officer Suresh Vasudevan, who was hired in April, and Larry Castro, who signed on as vice president of finance and corporate operations in August.
With the help of this new funding, Sysdig will be “pushing on all fronts,” according to its Chief Marketing Officer Apurva Davé said in a statement. The company is planning to make a “stream” of announcements in the coming months regarding new product updates, which also includes the release of Sysdig Monitor 3.0 that’s slated for this month. “It’ll have a major new feature set based on a couple of the key container-native projects from the Cloud Native Computing Foundation.”
“The longer-term road map is focused on this convergence of security and monitoring and making our rich dataset as powerful and as easy to consume as possible,” Davé said.
Sysdig is also planning to expand its both the support and technical account management teams for customers, in order to provide global coverage with as much in-field support as possible.
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