Container and Cloud Firm Sysdig Gets $10.7 Million Funding

by Ostatic Staff - Jul. 14, 2015

If you need further evidence that container technology is all the rage, just follow the money. Sysdig, focused on bringing infrastructure and application monitoring to the world of containers and microservices, has announced a $10.7 million Series A funding round led by Accel and Bain Capital Ventures (BCV). In conjunction with the funding, Sysdig announced the general availability of Sysdig Cloud, which it bills as "the first monitoring, alerting, and troubleshooting platform specializing in container visibility, which is already used by more than 30 enterprise customers."

The company says the funding will be used to drive adoption of Sysdig Cloud in the container market.

Container- and cloud-focused technologies like Docker, CoreOS, and Mesos are having a big impact on enterprise IT by enabling teams to more easily deploy and scale distributed, microservice-driven applications. The new microservices software paradigm demands a new, ground-up approach to infrastructure and tooling, according to Sysdig. "Visibility is a key example, as legacy monitoring solutions have failed to meet the needs of the burgeoning container market," notes the company.

“As containers become a vital part of application deployment, the need for container centric monitoring and visibility becomes paramount,” said Alex Polvi, CEO of CoreOS, the creator of Tectonic that provides Google-like infrastructure for everyone else. “There is great demand for a tool like Sysdig’s that provides insight into the complexity and dynamism of containerized environments. Sysdig’s technology is helping advance the container industry by bringing production quality tools to make containers easier to understand and use.”

According to Sysdig's announcement:

"Sysdig Cloud is the first and only performance management solution built to address the unique monitoring challenges inherent to containerized, microservice-driven applications...Powered by Sysdig’s patent-pending ContainerVision technology, Sysdig Cloud can monitor your entire architecture from its own stand-alone container, with zero configuration, and yet still offer deep visibility into every other service running in your environment. In other words, Sysdig Cloud is monitoring as a microservice."

 “Containers are by their very nature dynamic, isolated, lightweight, and portable,” said Loris Degioanni, CEO and founder of Sysdig. “These characteristics have put containers at the heart of the current revolution from monolithic apps to microservices. But these same characteristics also make containers impractical to monitor with traditional, agent-based methods. What the market is demanding now is a new, ‘container-native’ performance management approach that both respects the core principles of containers and enables their core benefits.”

"Container technology is exploding, as many realize,” said Ping Li, a partner at Accel. “But despite the many advantages, teams are hesitant to deploy into production. Now, Sysdig has developed a solution that fixes a critical blocker – monitoring and visibility.” Ben Holzman, Managing Director at BCV, said.

The latest round of financing brings Sysdig’s total funding to date to $13 million, including a previously undisclosed $2.3 million seed funding round led by BCV in June 2013.