Sysdig, the San Francisco producer of performance-management solutions to monitor, alert and troubleshoot in a microservices-friendly architecture, raised $15 million of Series B funding. Participating were current investors Accel and Bain Capital Ventures. Sysdig said it would use the funds to further build out its core technology and grow its operations and support infrastructure. Salil Deshpande, managing director at Bain Capital Ventures, is joining Sysdig’s board.
Sysdig Raises $15 Million in Series B Funding to Expand Container Monitoring for Enterprises
The container-native monitoring company surpasses 100 enterprise customers, uses funds for expansion
SAN FRANCISCO, CA (PRWEB) APRIL 22, 2016
Sysdig, the container-native monitoring company, today announced a $15 million Series B funding round by existing investors Accel and Bain Capital Ventures. Sysdig will use the funds to accelerate growth, to continue building out its core technology for container and microservice environments, and to scale its operations and world-class support infrastructure to meet growing demand.
“Containers are the building block for microservices, and represent the next great platform shift for software developers in enterprises of all sizes,” said Loris Degioanni, CEO and founder of Sysdig. “While containers deliver efficiency and agility for developers, they introduce additional complexity for monitoring, troubleshooting, and operating production environments. Sysdig was born to address these specific needs for containers and the microservices built on top of them.”
According to a recent survey, 81 percent of respondents expect their companies to increase the investment in container-based technology. Respondents ranged from industry verticals including retail, banking/finance, manufacturing, and Internet infrastructure.
Accel Partners and Bain Capital Ventures co-led this round of funding. “Containers will address the majority of use cases that heavier virtual machines do today, plus more that virtual machines cannot,” said Salil Deshpande, Managing Director at Bain Capital Ventures, who joins the board of Sysdig. “What’s needed now is software that natively understands containers, applications running within them, and services built on top of them. Sysdig has all of these capabilities and more.”
Sysdig Cloud is based on sysdig, the open source troubleshooting tool that has been downloaded by hundreds of thousands of developers, devops, and sysadmins around the world. Its patent‐pending ContainerVision™ technology provides deep, request‐level visibility inside containers without invasive instrumentation. This approach succeeds for container monitoring where legacy monitoring fails, and at the same time makes monitoring applications and microservices simpler and more robust.
Company sails past 100 enterprise customers
“The service and support I’ve received from the Sysdig team was really impressive. I encourage anyone looking to run containers in a production environment to talk to them first.”
Branden Makana, Senior Software Engineer, CDK Global
“From exploration down to deep system captures, Sysdig has a complete approach to monitoring containerized environments.”
Zachary Smith, CEO of Packet
In less than 8 months since general availability, Sysdig has passed 100 enterprise customers. More than a third of those have signed up in this year alone. These customers represent a broad range of industries and company sizes. For example:
*Industries such as finance, healthcare, media, telecommunications, technology, and consulting are using Sysdig Cloud
*Multiple Fortune 500 companies
*Companies from North America, Europe, and Asia-Pacific are adopting the solution
Customers are adopting Sysdig cloud for the ability to monitor production environments that require deep visibility into not only containers but also the microservices built on top of them. Chris Crane, VP of Product at Sysdig noted, “Our strategy combines container-native monitoring with native integration across ecosystem players like Docker, Kubernetes, and Mesosphere, as well as cloud providers like AWS and Google. These native integrations customers service-oriented visibility, and the flexibility to choose the right mix of tools for their environment.”