Sysdig Secures $350 Million Series G

<p><strong>SAN FRANCISCO<&sol;strong> — Cloud security firm Sysdig&comma; Inc&period; has raised a &dollar;350 million Series G funding round at a valuation of &dollar;2&period;5 billion – bringing total funding to &dollar;744 million and more than doubling the company’s valuation in eight months&period; The financing was led by Permira’s growth fund&period; Guggenheim Investments joined this round&comma; along with existing investors Accel&comma; Bain Capital Ventures&comma; DFJ Growth&comma; Glynn Capital&comma; Goldman Sachs&comma; Insight Partners&comma; Next47&comma; Premji Invest &amp&semi; Associates&comma; and Third Point Ventures&period;<&sol;p>&NewLine;<p>Sysdig helps organizations to secure the cloud by providing real-time threat detection to eliminate security blind spots and one-click remediation to close the loop&period; With the Sysdig platform&comma; teams detect and respond to runtime threats&comma; and continuously manage configurations&comma; permissions&comma; vulnerabilities and compliance for containers&comma; Kubernetes&comma; and cloud services&period; Sysdig partners with major cloud providers&comma; including Amazon Web Services&comma; Google Cloud Platform&comma; Microsoft Azure&comma; IBM Cloud&comma; Red Hat&comma; and SUSE Rancher&period;<&sol;p>&NewLine;<p>This funding will be used to accelerate Sysdig’s global expansion in Europe&comma; the Middle East&comma; Asia-Pacific&comma; and South America&comma; double its headcount in 2022&comma; expand its partner program and invest in a unified multi-cloud security experience across runtime&comma; configurations&comma; permissions&comma; and vulnerabilities&period;<&sol;p>&NewLine;<p>The company’s platform is built on an open source foundation&comma; including Falco and open source Sysdig&comma; standards for container and cloud threat detection and incident response&period; Open source drives transparency and more effective solutions through a community of contributors who crowdsource security policies&comma; report issues&comma; contribute features&comma; and fix bugs&period; Since contributing Falco to the Cloud Native Computing Foundation&comma; Falco has been downloaded over 37 million times&comma; with a 335&percnt; increase since becoming an incubating project in the CNCF in January 2020&period;<&sol;p>&NewLine;<p><strong>Suresh Vasudevan&comma; CEO of Sysdig said&colon;<&sol;strong> &OpenCurlyDoubleQuote;We’ve seen massive investor interest in Sysdig as the cloud security market is experiencing hyper growth&period; Cloud adoption has accelerated into the mainstream&comma; and as a result&comma; demand for Sysdig and Falco have skyrocketed&period; Cloud security teams quickly realize the importance of runtime threat detection for containers and cloud&comma; and Sysdig is the clear choice&period;”<&sol;p>&NewLine;<p><strong>Alex Melamud&comma; Principal at Permira said&colon;<&sol;strong> &OpenCurlyDoubleQuote;The generational shift to cloud and containers requires security that is able to detect and respond to threats in real time&period; The question is no longer if companies will adopt cloud security solutions&comma; but which solution to choose – and Sysdig has emerged as the clear unified container and cloud security leader&period; As a rapidly growing industry leader at scale&comma; Sysdig perfectly aligns with our investment approach&comma; and we look forward to leveraging our global platform&comma; and software and security expertise to help them achieve their growth objectives&period;”<&sol;p>&NewLine;