Sysdig Raises $15 Million in Series B Funding to Build Out Its Core Technology for Container and Microservice Environments

Sysdig, the container-native monitoring company, has 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 support infrastructure to meet growing demand. 

Sysdig Cloud is based on sysdig – an 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 would make monitoring applications and microservices simpler and more robust.

secure cloudAccel 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.” 

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 global and broad range of industries and company sizes – industries such as finance, healthcare, media, telecommunications, technology, and consulting are using Sysdig Cloud.

“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.”