Sysdig, Inc., a San Francisco, CA-based secure DevOps platform provider, raised $188m in Series F funding round at a valuation of $1.19 billion.
This round, which brought total funding to $394m since inception, was led by Premji Invest & Associates and Third Point Ventures, with participation from Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital, Goldman Sachs, Insight Partners, and Next47. In conjunction with the funding, Robert Schwartz from Third Point Ventures, Sandesh Patnam from Premji Invest & Associates, and Enrique Salem from Bain Capital Ventures, joined Susdig’s board of directors.
The company intends to use the funds to:
- invest in continued innovation in its open source foundation as well as in its secure DevOps platform,
- grow research and development teams in Raleigh, Spain, Italy, Belgrade, and San Francisco,
- drive expansion of sales and marketing in existing markets within the United States, Europe, Japan, and Australia, as well as
- enter into newer markets in the Asia-Pacific region.
Led by CEO Suresh Vasudevan, Sysdig provides a secure DevOps platform that addresses the challenges of securing containers, Kubernetes, and public cloud infrastructure. The solution is used by hundreds of enterprises, including Worldpay by FIS, Yahoo Japan, IBM, and JW Player to secure the software build pipeline, detect and respond to runtime threats, monitor service health, and continuously validate cloud security posture and compliance.
Sysdig is a SaaS platform, built on an open source stack that includes Falco and sysdig OSS, the open standards for runtime threat detection and response.