Funding round
Sysdig Series G
Sysdig, which works in cloud security solutions development in San Francisco, raised $350M in a Series G round announced on 15 Dec 2021, led by Permira, at a $2.50B post-money valuation. 11 firms took part, 10 of them already investors. It is Sysdig's eighth venture round on record; the one before was a Series F in Apr 2021.
$350M
Amount raised
$2.50B
Post-money valuation
$2.15B pre-money
11
Investors
1 lead
2.1x
Step-up from the Series F
$1.19B in Apr 2021
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sysdig at $2.50B after the new money, 2.1 times the $1.19B of its Series F (Apr 2021). The $350M bought investors about 14% of the company. It came 8 months after Sysdig's Series F. It is 48% of the $730M Sysdig has raised in the venture rounds on record. No later venture round is on record for Sysdig.
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 28 Apr 2021, led by Premji Invest and Third Point Ventures $188M$1.19B post-money
- Series G this round 15 Dec 2021, led by Permira $350M$2.50B post-money
Investors
Who put money in
Permira led the round with 10 other firms. Permira, Accel, Bain Capital Ventures and DFJ Growth and 6 more had backed Sysdig before.
Lead investor
- backs 21 venture-backed companies existing investor
Also in the round
- Guggenheim Investments new investor
- 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
- Premji Invest backs 50 venture-backed companies existing investor
- Third Point Ventures 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
12 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $225M, and this round was 1.6 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ShareChat Tech Companies | 16 Dec 2021 | $266M | $3.70B | Alkeon |
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Sysdig raise in its Series G round?
Sysdig raised $350M in its Series G round, announced in Dec 2021.
Who led Sysdig's Series G round?
Permira led it, with Guggenheim Investments, Accel, Bain Capital Ventures, DFJ Growth and Glynn Capital and 5 more.
What was Sysdig's valuation at the Series G round?
$2.50B post-money ($2.15B pre-money).
How does it compare with other Series G rounds in Tech Companies?
12 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $225M, and this round was 1.6 times the median.