Funding round
Sysdig Series D
Sysdig, which works in cloud security solutions development in San Francisco, raised $69M in a Series D round announced on 12 Sep 2018, led by Insight Partners. 3 firms took part, 2 of them already investors. It is Sysdig's fifth venture round on record; the one before was a Series C in Oct 2017.
$69M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Sysdig did not disclose a valuation in this round. It came 11 months after Sysdig's Series C. It is 9.4% of the $730M Sysdig has raised in the venture rounds on record. Sysdig raised again 16 months later: a Series E round of $70M in Jan 2020. 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 20 May 2016, led by Accel and Bain Capital Ventures $15M
- Series C 12 Oct 2017 $25M
- Series D this round 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
Insight Partners led the round with 2 other firms. Bain Capital Ventures and Accel had backed Sysdig before.
Lead investor
- Insight Partners backs 548 venture-backed companies new investor
Also in the round
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- Accel backs 581 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Branch Tech Companies | 7 Sep 2018 | $129M | $1.00B | not named |
| Tech Companies | 6 Sep 2018 | $100M | $750M | Tencent |
| Forter Tech Companies | 26 Sep 2018 | $50M | not disclosed | March Capital and Salesforce Ventures |
| Tech Companies | 10 Sep 2018 | $32M | not disclosed | CLP Holdings Group and innogy |
| DataRobot Tech Companies | 25 Oct 2018 | $100M | not disclosed | Meritech Capital and Sapphire Ventures |
| Tech Companies | 23 Aug 2018 | $93M | not disclosed | Georgian |
| Tech Companies | 14 Aug 2018 | $50M | not disclosed | Lightspeed Venture Partners |
| Salsify Tech Companies | 7 Aug 2018 | $43M | not disclosed | Greenspring Associates |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Sysdig raise in its Series D round?
Sysdig raised $69M in its Series D round, announced in Sep 2018.
Who led Sysdig's Series D round?
Insight Partners led it, with Bain Capital Ventures and Accel.
What was Sysdig's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 1.4 times the median.
Did Sysdig raise again after this round?
Yes: a Series E round in Jan 2020 of $70M.