Sysdig Series-E

This is the Sysdig pitch deck to raise a $70m series-e round in 2020.

About

Sysdig is a cloud-native visibility and security company that provides cloud and container security for enterprises and their DevOps teams.

Clients install Sysdig’s software agents on each virtual machine on which they are running containers. Sysdig essentially charges a per-seat license for each of those machines. Its charges vary depending on how many containers each machine is running and the number of services clients subscribe to.

Sysdig has gained a significant following among enterprise companies, Vasudevan said. It now has hundreds of corporate customers, including at least 60 in the Fortune 1000, Vasudevan said. Among them are those that rank among the top five largest in the software, investment banking, commercial banking, and telecommunications industries, he said.

The revenue Sysdig derives from such large enterprises has grown by five times over the last two years and now constitutes the “vast majority” of the company’s sales, he said.

Despite that, the company sees lots of room to grow. While the adoption of containers and Kubernetes is growing rapidly within enterprises, most corporate applications still aren’t running in container environments, Vasudevan said. As corporations shift more and more of their development to containerized applications, Sysdig is likely to see a similar uptick in the adoption of its services, he said.

What’s happening in the software industry with containers is a “once in a decade, once in 2 decades kind of transformation,” he said.

Investors are similarly bullish on Sysdig’s opportunity. The company announced Wednesday that it had raised $70 million in a Series E round of venture funding led by Insight Partners. That brings to $206 million the total amount Sysdig has raised.

The company, which was founded as an open-source project in 2013 and now has some 260 employees, plans to use the new funds to expand its sales marketing efforts. It already has a sales presence in Japan, Australia, Singapore, Europe, and India, but it plans to go into new places around the world, Vasudevan said.

Sysdig also plans to use the additional money on research and development, to add new features to its software, he said. And it plans to invest in education efforts. For many of its customers, Sysdig is not only seen as the expert in securing or monitoring containerized applications, but on using or getting started with containers and Kubernetes, he said.

Funding Rounds

Pitch Deck Review Summary

Slide by Slide Review

70

Deck Collection

See the rest of the collection here:

BACK TO THE DECK COLLECTION