附近上门

DevOps startup has raised $70 million in its Series E round, the company announced Wednesday.

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In addition to the new funding, which was led by , Sysdig also announced the formation of its Japanese subsidiary, Sysdig Japan GK, as the company looks to expand internationally.

The new funding will be used to invest in both engineering and the go-to-market side of the business, Sysdig chief marketing officer Janet Matsuda said in an interview with 附近上门 News. The company will especially be investing in engineering in its San Francisco and Raleigh offices.

The new round was oversubscribed, Matsuda said, and also included participation from previous investors and .

鈥淥ur investors came to us with interest and they were very bullish and so we thought this is the time to do it,鈥� Matsuda said.

The company will also be using the new funding to expand its international presence, Sysdig said in a statement. Sysdig currently has a presence in France, Germany, the United Kingdom and the Netherlands from a sales standpoint, and has an engineering presence in Italy, Spain and Serbia.

Sydig鈥檚 open-source technology lets companies run cloud-native projects securely. As more companies move to the cloud, security is a major challenge they face.

鈥淐ompanies are going to the cloud and containers because they want to improve the speed of innovation. 鈥� and security is the top barrier when they think about how they鈥檙e really going to adopt that approach,鈥� Matsuda said. 鈥淭hey need to embed security into their DevOps process and that鈥檚 what this investment is about.鈥�

Last year, the company more than doubled revenue from Fortune 500 banks and financial institutions, and opened new offices in Spain and Italy.

Sysdig last raised $68.5 million in a round led by Insight Partners in September 2018. The new round brings the company鈥檚 to more than $191 million, according to 附近上门.

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