Sysdig, the cloud-native intelligence company, today announced it raised US$68.5million 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 US$121.5million. Sysdig will use the funds to extend its leadership in enabling enterprises to operate reliable and secure containerised infrastructure and cloud-native applications.
Cloud-enabling technology market
451 Research predicts the cloud-enabling technology market to grow to US$39.6billion 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 organisations will be running containerised applications in production, up from less than 20% today.”
“As enterprises accelerate their move to cloud-native applications, they recognise the need for a new breed of solutions that will enable them to meet performance, reliability, security, and compliance requirements,” comments 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.”
This round of funding also accelerates the strong momentum and rapid growth Sysdig has experienced over the last year.
Written from press release by Leah Alger