Funding round
Sysdig Series B
Sysdig, which works in cloud security solutions development in San Francisco, raised $15M in a Series B round announced on 20 May 2016, led by Accel and Bain Capital Ventures. 2 firms took part, 2 of them already investors. It is Sysdig's third venture round on record; the one before was a Series A in Jul 2015.
$15M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Sysdig did not disclose a valuation in this round. It came 10 months after Sysdig's Series A. It is 2.1% of the $730M Sysdig has raised in the venture rounds on record. Sysdig raised again 17 months later: a Series C round of $25M in Oct 2017. Its next priced round, a Series F in Apr 2021, valued it at $1.19B.
Sysdig's funding rounds
Sysdig has 8 venture rounds on record. This one is highlighted.
- Seed 30 Jun 2013, led by Bain Capital Ventures $2.3M
- Series A 14 Jul 2015, led by Accel and Bain Capital Ventures $11M
- Series B this round 20 May 2016, led by Accel and Bain Capital Ventures $15M
- Series C 12 Oct 2017 $25M
- Series D 12 Sep 2018, led by Insight Partners $69M
- Series E 22 Jan 2020, led by Insight Partners $70M
- Series F 28 Apr 2021, led by Premji Invest and Third Point Ventures $188M$1.19B post-money
- Series G 15 Dec 2021, led by Permira $350M$2.50B post-money
Investors
Who put money in
Accel and Bain Capital Ventures led the round. Accel and Bain Capital Ventures had backed Sysdig before.
Lead investors
- Accel backs 581 venture-backed companies existing investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
Joined the board: Salil Deshpande (Bain Capital Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
262 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 May 2016 | $22M | not disclosed | OpenText Enterprise Apps Fund and Information Venture Partners |
| Tech Companies | 17 May 2016 | $21M | not disclosed | not named |
| Tech Companies | 9 May 2016 | $20M | not disclosed | GRC SinoGreen |
| Tech Companies | 16 May 2016 | $18M | not disclosed | Scale Venture Partners |
| Tech Companies | 1 May 2016 | $15M | not disclosed | Trinity Ventures |
| Tech Companies | 25 May 2016 | $15M | $78M | not named |
| Tech Companies | 26 May 2016 | $13M | not disclosed | Benchmark Capital |
| Tech Companies | 19 May 2016 | $13M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Sysdig raise in its Series B round?
Sysdig raised $15M in its Series B round, announced in May 2016.
Who led Sysdig's Series B round?
Accel and Bain Capital Ventures led it.
What was Sysdig's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
262 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median.
Did Sysdig raise again after this round?
Yes: a Series C round in Oct 2017 of $25M.