Total amount raised
$729.5 Millions
Latest funding date
12/1/2021
Location
Sysdig has successfully raised significant funding through multiple rounds, including a Series G. The company specializes in cloud security, offering solutions like Sysdig Secure and Sysdig Monitor.
Keep reading to explore the intricacies of Sysdig's fundraising journey and the investors backing this innovative platform.
What Is Sysdig?
Founded in 2013 by Loris Degioanni, Sysdig is headquartered in San Francisco, California. The company specializes in cloud security, offering solutions like real-time threat detection and vulnerability management.
Sysdig leverages runtime insights and open-source technologies to provide comprehensive security for cloud environments, containers, and Kubernetes. Their platform includes Sysdig Secure, Sysdig Monitor, and Cloud Security Posture Management (CSPM).
With a workforce of 501-1000 employees, Sysdig continues to innovate in the field of cloud security, ensuring robust protection for modern cloud-native applications.
How Much Funding Has Sysdig Raised?
- Seed Round
- Amount Raised: $2.3M
- Date: June 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop initial product offerings.
- Series A
- Amount Raised: $10.7M
- Date: July 2015
- Lead Investors: Accel, Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Series B
- Amount Raised: $15M
- Date: April 2016
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series C
- Amount Raised: $25M
- Date: October 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $68.5M
- Date: September 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance cloud security offerings and increase market penetration.
- Series D
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine product capabilities.
- Series E
- Amount Raised: $70M
- Date: January 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand research and development and enhance security features.
- Series F
- Amount Raised: $188M
- Date: April 2021
- Lead Investors: Premji Invest, Third Point Ventures
- Valuation at Round: $1.19 billion
- Motivation Behind the Round: To invest in innovation, expand R&D teams, and grow sales and marketing efforts globally.
- Series G
- Amount Raised: $350M
- Date: December 2021
- Lead Investors: Permira
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product offerings.
Total Amount Raised: $729.5M. Current Valuation: $1.19 billion.
Key Investors
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have a global presence with offices in Palo Alto, London, and Bangalore.
- Investment Focus Areas: Technology startups, software, internet.
- Notable Investments: Facebook, Dropbox, Slack.
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, focusing on early to growth-stage investments. They have a strong track record in backing disruptive technology companies.
- Investment Focus Areas: Enterprise software, infrastructure software, fintech.
- Notable Investments: LinkedIn, DocuSign, SurveyMonkey.
- Insight Partners
- Details: Insight Partners is a private equity and venture capital firm that invests in growth-stage software and internet companies. They are known for their hands-on approach to scaling businesses.
- Investment Focus Areas: Software, internet, technology.
- Notable Investments: Twitter, Shopify, Qualtrics.
- Premji Invest
- Details: Premji Invest is the investment arm of Azim Premji, focusing on growth-stage investments. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Flipkart, PolicyBazaar, Lenskart.
- Third Point Ventures
- Details: Third Point Ventures is the venture capital arm of Third Point LLC, focusing on technology and healthcare sectors. They are known for their strategic investments in innovative companies.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: SentinelOne, Upstart, Avant.
What's Next for Sysdig?
Sysdig stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud and container security solutions. With a robust valuation of $1.19 billion and substantial funding, the company is poised to expand its market reach in the United States, Europe, Japan, and Australia, while also venturing into the Asia-Pacific region. The focus on innovation and the adoption of open-source technologies like Falco will further solidify its position in the industry.
Future fundraising opportunities appear promising, with potential for an IPO as indicated by investor confidence. However, Sysdig will need to navigate challenges such as intense competition from established players like Palo Alto Networks and the complexities of scaling operations globally. Maintaining a competitive edge through continuous innovation and effective integration of security into the DevOps lifecycle will be crucial for sustained success.
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