Cloud tech startup Sysdig with 2nd HQ in Raleigh lands $70M

SAN FRANCISCO — Sysdig, a startup focusing on cloud computing technology, has raised raised $70 million in Series E funding.

Insight Partners led the round, with participation from previous investors, Bain Capital Ventures and Accel. Glynn Capital also joined this round, along with Goldman Sachs, who joined after being a customer for two years.

Sysdig’s total funding to date is $206 million.

Back in 2018, the San Francisco-based company opened its second headquarters in Raleigh for its global engineering and operations.

Suresh Vasudevan

Sysdig said it will use the funds to “extend market presence and leadership in enabling enterprises to confidently run cloud-native workloads in production.”

International expansion is also a priority. The company also announced the launch of a Japanese subsidiary, Sysdig Japan GK.

The Sysdig Platform addresses both DevOps security and IT operations spaces.

IDC forecasts the worldwide DevOps software tools market will reach $15 billion in 2023.

Kubernetes is the de facto operating system of the cloud. To reap the benefits of the agility that containers and Kubernetes provide, enterprises need an approach that integrates security and compliance into DevOps workflows. This approach is often referred to as secure DevOps or DevSecOps.

“Containers and Kubernetes will take over the world,” said Suresh Vasudevan, Chief Executive Officer at Sysdig in a statement.

“Over the last year, we have seen competitors partner in an attempt to deliver capabilities similar to ours, but the reality is, these approaches cannot provide the level of visibility and security that we can, even when they use multiple tools. As Kubernetes adoption increases, CISOs will continue to recognize that their IT teams and security tools need to adapt. In 2020, we look forward to partnering with more Global 2000 organizations in their cloud-native journeys.”