Sysdig Closes $188M Funding Round
BusinessWire April 28, 2021See full article
The secure DevOps leader is evaluated at $1.10 billion after hitting key milestones of exponential growth.
Led by Third Point Ventures and Premji Invest & Associates, Sysdig, Inc., a company focused on securing cloud applications, closed its $188 million Series F funding round. The company has raised $394 million to date at a valuation of $1.19 billion. Third Point Ventures managing partner Robert Schwartz has also joined its board of directors.
The round follows a period of massive growth opportunity with containers and cloud, which Sysdig is uniquely suited to capture. The Sysdig Secure DevOps Platform helps leading enterprises with the challenge of securing containers, Kubernetes, and public cloud infrastructure.
“Sysdig has a marquee customer base and proven its ability to scale. We’re excited to be joining the Sysdig team.” - Robert Schwartz, Third Point
SysDig hit a number of key milestones to reach this point. It hit 450 enterprise customers including global enterprises including Worldpay by FIS, Yahoo Japan, IBM, and JW Player. The average annual recurring revenue across the top 50 purchasing customers is upwards of $500,000. It also exhibited a strong pattern of expansion with an annual net revenue retention of 140% at the end of the 2021 fiscal year.
The Sysdig Secure DevOps Platform allows enterprises to run containers, Kubernetes, and cloud with the confidence reliable security and visibility provide. Sysdig’s platforms have become standards for container and cloud threat detection and incident response.
The focus of this new round of investment will allow Sysdig to continue its secure DevOps platform innovation, while growing research and development teams globally. It will also drive the expansion of sales and marketing in existing markets in United States, Europe, Japan, and Australia, as well as newer ones in the Asia-Pacific region.