US-based cybersecurity platform developer Sysdig completed a $70m series E round on Wednesday backed by investment banking firm Goldman Sachs.
Insight Partners led the round, which included fellow venture capital firm Accel, growth equity firm Glynn Capital and Bain Capital Ventures, the VC arm of private equity firm Bain Capital.
Founded in 2013, Sysdig has built a software platform that combines security and compliance with performance and capacity monitoring of cloud-based applications. Its clients include Goldman Sachs, mass media group Comcast and credit reporting service Experian.
The funding will support continued international expansion efforts, following the company’s recent openings of offices in Spain and Italy. It also announced the launch of a Japan-based subsidiary, Sysdig Japan, on the same day as the series E funding.
Soumya Rajamani, vice-president of merchant banking at Goldman Sachs, has joined Sysdig’s board as an observer. It has now collected $206m altogether, Insight Partners having led a $68.5m series D round in September 2018 that included Bain Capital Ventures and Accel.
Accel’s Growth Fund provided $25m in series C funding for the company in 2017 after joining Bain Capital Ventures in a $10.7m series A round in 2015 and a $15m series B round the following year. Bain Capital Ventures had led a $2.3m seed round for Sysdig in 2013 that remained undisclosed for two years.
