Company milestones include series D funding, massive growth in F500 clients, and product innovation.
SAN FRANCISCO – February 6, 2019 – Sysdig, Inc.,the cloud-native intelligence company, today announced accelerating global enterprise adoption of the Sysdig Cloud-Native Intelligence Platform that improves container security and visibility. In 2018 the company more than tripled the number of Fortune 500 customer deployments, with over 40 percent of deployments using the Sysdig platform for both security and visibility use cases — up from five percent this time last year. Sysdig also announced it nearly doubled its global employee count and grew to over 30 locations worldwide. Downloads of Falco, the company’s open source container runtime security offering which is now a Cloud Native Computing Foundation® Sandbox project, grew six times over in 2018.
Sysdig’s growth continues to be buoyed by the accelerating enterprise adoption of Kubernetes and Cloud-Native architectures. “During this important transition to modern infrastructure, global enterprises are relying on Sysdig to provide visibility and security in a more efficient and powerful way. With our unified approach, an enterprise has so much more insight and control over their applications. They have access to more data to solve the most important use cases that impact cloud operations. Dealing with separate data sources, various expensive tools running in silos, and learning totally different interfaces result in inefficiency, cost, and frustration. But those issues are problems of the past – leveraging all the data possible for both security and monitoring use cases within one platform solves these challenges,” said Suresh Vasudevan, chief executive officer (CEO) at Sysdig.
New Executive Appointments
In April Sysdig announced the appointment of Suresh Vasudevan as president and CEO and to the company’s board of directors. Vasudevan joined Sysdig from Nimble Storage, where he led the company from 2011 through IPO and acquisition by Hewlett Packard Enterprise for $1.2B in 2017.
The founder of Sysdig, Loris Degioanni, continued to guide the company vision and product strategy in his new role as Chief Technology Officer.
In July Sysdig announced the appointment of its first Chief Marketing Officer, Apurva Davé. Davé served as the company’s Vice President (VP) of Marketing for the previous two years.
Sysdig also welcomed Larry Castro as VP of finance and corporate operations, Eric Linnell as VP of support, customer success, and professional services, Keegan Riley as senior VP of worldwide sales, and Sandor Klein as VP of Europe, the Middle East and Africa (EMEA).
Global Company Expansion
Sysdig’s growth was fueled by a $68.5 million Series D funding round led by Insight Venture Partners in September, with participation from previous investors, Bain Capital Ventures and Accel. This round of funding brought the company’s total funding to date to $121.5 million. Sysdig continues to use the funds to extend its leadership in enabling enterprises to operate reliable and secure containerized infrastructure and cloud-native applications.
In March Sysdig announced growth in EMEA and a new office in London. The company also announced the promotion of Edward Oakes to director of sales for EMEA and they have doubled the number of employees in that office since opening it.
In June the company announced US expansion with a second headquarters in Raleigh, North Carolina. The company now has 19 employees in Raleigh as well as employees in 21 states.
Sysdig continued to expand its partnership ecosystem of cloud, Kubernetes, and container experts with the announcement of strategic projects with Red Hat, IBM, and Google.
Sysdig announced in April that its Cloud-Native Intelligence Platform was certified for the Red Hat OpenShift Container Platform.
In May Sysdig announced integration with the Google Cloud Security Command Center to further help enterprises optimize Kubernetes security.
In November at AWS re:INVENT, Sysdig joined the new AWS Marketplace for Containers and achieved AWS Container Competency status.
In December IBM announced Sysdig was chosen as their default monitoring service with the introduction of IBM Monitoring with Sysdig.
Unlike traditional approaches, the Sysdig Cloud-Native Intelligence Platform was built with an understanding of the modern DevSecOps workflow across Kubernetes, Docker, and both private and public clouds. As the only company to offer enterprises the first unified approach to container security, monitoring, and forensics, Sysdig continued its innovation in 2018. In December at KubeCon + CloudNativeCon North America 2018 Sysdig announced new features for Sysdig Secure. The new features added advanced Kubernetes auditing and vulnerability management, service-based access control, and security analytics, along with simplified compliance to give users a complete view of the health and risk profiles of their container environments. This was the second Sysdig Secure update for 2018, the first added vulnerability management, more than 200 compliance checks, and security analytics.
In October the CNCF®, a Linux Foundation® organization, announced it had accepted Falco, the open source project for runtime container security from Sysdig, as a Cloud Native Sandbox project. Falco was the first runtime security technology to enter the Cloud Native Sandbox and by accepting Falco, the CNCF helped bring awareness to runtime security and made it easier for the CNCF community to build more secure cloud-native applications.
Sysdig also released Sysdig Monitor 3.0, which added enterprise-grade Prometheus monitoring and enhanced Sysdig’s Kubernetes and Docker support.
In September Sysdigwon InfoWorld’s Best of Open Source Software Awards (Bossies) in the “Best Open Source Software for Cloud Computing” category. All three Sysdig open source technologies were recognized, including Sysdig Falco, sysdig, and Sysdig Inspect.
Sysdig Secure won the 2018 Cloud Computing Security Excellence Award presented by TMC.
Sysdig was chosen as one of the Top 50 Most Trustful Companies by Silicon Review.
Sysdig was a finalist in the Security-Cloud category for the CRN 2018 Tech Innovators awards.
Sysdig won the Grand Trophy at the Golden Bridge Business Innovation Award, as well as two gold-level awards in the Cloud Security Innovations and Integrated Security (Software) Innovation categories.
What Customers, Analysts, and Partners are Saying
After Quby, the creators of the Toon® smart thermostat, moved everything including its databases to the cloud, maintaining monitoring was a two-person job – one to define, install and maintain all of the required agents and applications checks, and another to review that everything functioned properly. According to Juan Morales, DevOps engineer at Quby, “It used to take two admins a lot of time along the whole year just to keep monitoring in place. To keep Sysdig updated takes less than 30 minutes each month […] With Sysdig, you only need to run a container on the host, and it’s done. We get monitoring and security at the container level, at the host level, and at the application level.”
“As enterprises have gotten more comfortable with the cloud, moving Kubernetes and cloud-native workloads to production has increased exponentially, but ensuring visibility and security are absolutely key hurdles to mass production deployments,” said Fernando Montenegro, security analyst for 451 Research. “Sysdig’s approach of using a data platform for both security and operations use cases has the potential of addressing needs from both teams in an efficient manner.”
“Working with Sysdig has been a great experience,” said Todd Millard, VP of sales at Crossvale. “Crossvale helps enterprises get the most out of their digital transformation to microservices using OpenShift. We have found Sysdig to the be the perfect fit to provide monitoring and security for containerized Linux environments, which makes adoption and understanding of new technology easy for OPS, Security, App/Dev, Networking, DevOps and Infrastructure teams. While working with Sysdig, we have seen a commitment to accelerating the adoption of modern infrastructure, while also easing the risk, pain, and cost involved with new technologies. Sysdig utilizes a single point of instrumentation, which saves our customers time and company resources by delivering monitoring, security, troubleshooting, and forensics from a single, low-resource agent. The technology is unique, and we are pleased to have the strategic Sysdig offering in our solutions portfolio.”