San Francisco-based Sysdig is a company that helps companies accelerate their transitions to containers. And the company has built a cloud-native intelligence platform to create a single way to secure and monitor critical applications. And Sysdig brings together image scanning and run-time protection to identify block threats, vulnerabilities, enforce compliance, etc.
Sysdig helps companies break up features and services into self-contained units that are able to function on their own. This makes it easier to move features across different clouds and improve performance. This works with cloud-native platforms like Kubernetes and Docker.
According to 451 Research, the cloud-enabling technology market is expected to grow to $39.6 billion through 2020. Containers are expected to be the fastest growing segment at 40%. And Gartner is predicting that by 2020, more than 50% of global organizations will be running containerized applications in production, which is up from less than 20% today.
Sysdig’s first open source security project known as Sysdig Falco has a community of millions of users. There are dozens of Global 2000 enterprises that are Sysdig customers now including financial institutions, media companies, technology companies, etc.
Recently, Sysdig raised $68.5 million in Series D funding in order to build on its security and performance platform for containers and cloud apps. This round of funding was led by Insight Venture Partners. Bain Capital Ventures and Accel also participated in this round. Sysdig has now raised a total of $121.5 million in funding.
With this round of funding, Sysdig plans to expand on its container security products and services, which are being used by companies with cloud-native computing environments.
“Enterprises are adopting cloud-native technology for its speed of development, multi-cloud scaling capabilities, and lower total cost of ownership,” said Sysdig chief executive Suresh Vasudevan in a statement. “But, they are hitting roadblocks with old school security and monitoring products. To be successful, these organizations need new solutions that are cloud-native.”