US-based cybersecurity software producer Twistlock received $33m yesterday in a series C round backed by computing equipment maker Dell’s corporate venturing unit, Dell Technologies Capital.
The round was led by multi-family office Iconiq Capital and also featured investment firm Polaris Partners and venture capital firms YL Ventures, TenEleven and Rally Ventures. It took the total raised by Twistlock since it was founded in 2015 to $63m.
Founded in Israel, Twistlock has developed a scalable, automated cybersecurity platform designed to protect cloud-native container systems such as Kubernetes or Docker from attacks.
The series C proceeds will be used to expand Twistlock’s business as it looks to sign up more partners and customers.
The company had raised $3.1m in seed funding from backers including YL Ventures, when it added $10m in a mid-2016 series A round led by TenEleven that included Rally Ventures, YL and an undisclosed strategic investor likely to have been Dell Technologies Capital.
YL Ventures, TenEleven and Rally Ventures returned in April 2017 for Twistlock’s $17m series B round, which was led by Polaris Partners.