Funding round
Sysdig Series F
Sysdig, which works in cloud security solutions development in San Francisco, raised $188M in a Series F round announced on 28 Apr 2021, led by Premji Invest and Third Point Ventures, at a $1.19B post-money valuation. 9 firms took part, 7 of them already investors. It is Sysdig's seventh venture round on record; the one before was a Series E in Jan 2020.
$188M
Amount raised
$1.19B
Post-money valuation
$1.00B pre-money
9
Investors
2 leads
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sysdig at $1.19B after the new money. The $188M bought investors about 16% of the company. It came 15 months after Sysdig's Series E. It is 26% of the $730M Sysdig has raised in the venture rounds on record. Sysdig raised again 8 months later: a Series G round of $350M in Dec 2021, at $2.50B post-money.
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 12 Sep 2018, led by Insight Partners $69M
- Series E 22 Jan 2020, led by Insight Partners $70M
- Series F this round 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
Premji Invest and Third Point Ventures led the round with 7 other firms. Accel, Bain Capital Ventures, DFJ Growth and Glynn Capital and 3 more had backed Sysdig before.
Lead investors
- Premji Invest backs 50 venture-backed companies new investor
- Third Point Ventures new investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- DFJ Growth backs 51 venture-backed companies existing investor
- backs 44 venture-backed companies existing investor
- Goldman Sachs backs 218 venture-backed companies existing investor
- Insight Partners backs 548 venture-backed companies existing investor
- Next47 existing investor
Joined the board: Robert Schwartz (Third Point Ventures), Sandesh Patnam (Premji Invest & Associates) and Enrique Salem (Bain Capital Ventures).
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
44 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $157M, and this round was 1.2 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dataminr Tech Companies | 23 Mar 2021 | $475M | $4.10B | Eldridge Industries |
| Forter Tech Companies | 25 May 2021 | $300M | $3.00B | Tiger Global Management |
| Tech Companies | 17 Mar 2021 | $230M | $1.40B | Bessemer Venture Partners and Tiger Global |
| Tech Companies | 9 Mar 2021 | $220M | not disclosed | Georgian |
| Tech Companies | 11 May 2021 | $100M | $1.70B | Greenspring Associates |
| Icertis Tech Companies | 11 Mar 2021 | $80M | $2.80B | B Capital |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Illumio Tech Companies | 24 Jun 2021 | $225M | $2.75B | Thoma Bravo |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Sysdig raise in its Series F round?
Sysdig raised $188M in its Series F round, announced in Apr 2021.
Who led Sysdig's Series F round?
Premji Invest and Third Point Ventures led it, with Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital and Goldman Sachs and 2 more.
What was Sysdig's valuation at the Series F round?
$1.19B post-money ($1.00B pre-money).
How does it compare with other Series F rounds in Tech Companies?
44 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $157M, and this round was 1.2 times the median.
Did Sysdig raise again after this round?
Yes: a Series G round in Dec 2021 of $350M at $2.50B post-money.