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Sysdig Raises $350M Series G, Plans To Accelerate Global Expansion And Investments In Partner Program

funding, growth

Sysdig has raised a $350 million Series G funding round at a valuation of $2.5 billion – bringing total funding to $744 million and more than doubling the company’s valuation in eight months. The financing was led by Permira’s growth fund. Guggenheim Investments joined this round on behalf of select clients, alongside existing investors Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital, Goldman Sachs, Insight Partners, Next47, Premji Invest & Associates, and Third Point Ventures.

The company plans to use the funding to accelerate its global expansion in Europe, the Middle East, Asia-Pacific, and South America, double its headcount in 2022, expand its partner program and invest in a unified multi-cloud security experience across runtime, configurations, permissions, and vulnerabilities.

Sysdig also announced today that Karen Walker has joined the company as Chief Financial Officer and Paul Whitney has joined as Chief Human Resource Officer. Karen brings more than 20 years of experience in senior leadership roles at companies that include, PagerDuty, Uber, Pandora Media, Virgin America, and CBS Interactive.

Paul has significant international experience supporting organizational performance through cultivating company culture and helping people realize their potential. Prior to joining Sysdig, Paul served as Chief People Officer at Cohesity and Databricks, and he has led two past companies through IPOs.