附近上门

San Francisco-based cybersecurity company more than doubled its valuation to $2.5 billion in just eight months with a new $350 million Series G.

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The round was led by 鈥檚 growth fund. also came aboard as a new investor, joining existing investors and . Also participating were , , , , , and . The company has now raised $744 million since being founded in 2014.

News about Sysdig raising a large round of money and hitting a big valuation may sound familiar. It was just in late April when the company announced a $188 million Series F at a $1.19 billion valuation.

Sysdig CEO said the company was contacted by investors wanting to get in on the next round less than a week after the Series F was announced. In late August, the company decided it would do another raise due to that interest and was able to close fundraising in about three weeks.

鈥淭he market is just red hot right now,鈥� he said.

Big money goes to the cloud

Sysdig provides cloud and container security for enterprises and their DevOps teams. The space has continued to see unrivaled interest as more companies move to cloud, along with adopting container strategies to build out applications鈥攚ith open-source platform becoming the dominant way to deploy and manage those containers.

The company is part of what is becoming an arms race in the sector as investors have flooded cash into companies that focus on Kubernetes, containers and cloud application security.

In January, San Jose-based closed a $525 million round valuing the company at more than $1 billion. Then, just last month the company closed a $1.3 billion Series D round led by , , and . The new investment sets a valuation of $8.3 billion for the 7-year-old company.

Similarly in March, Los Angeles-based landed a $210 million Series C 鈥� giving it a $1.2 billion valuation. Then in October, the聽 company, a provider of cloud security, extended its Series C round by $190 million, bringing total capital raised for the round to $550 million. led the latest tranche鈥攚hich boosted Orca鈥檚 valuation 50 percent in seven months to $1.8 billion.

Sysdig differentiates itself from its competitors by being the most complete cloud, DevOps and container security platform available, Vasudevan said. The company plans on using the new funds鈥攁nd its previous Series F which is still in the bank鈥攖o triple its sales and marketing department, as well as for continued development on the platform and to grow geographically, he said.

In just the last eight months, the 500-person company has grown its enterprise customer base from about 450 to nealy 700, with an average annual recurring revenue of more than $875,000 for its top 50 contracts.

With the move to the cloud and more and more software being built鈥攁nd updated鈥攗sing containers, the sector could be the largest emerging area cybersecurity has seen since the endpoint detection and response (EDR) space erupted years ago and produced large public companies such as and , as well as numerous valuable M&A exits.

鈥淭he cloud security opportunity is even more unbounded (than EDR) since it鈥檚 a new category riding the two most significant transformations in IT鈥搒hift to cloud and shift to developers鈥攁nd we will see bigger 鈥榳inners,鈥欌�� said , a partner at Accel.

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