Sysdig

Sysdig is an open-source platform that includes Falco, Sysdig OSS, and Prometheus—the open standards for runtime security, cloud and container forensics, and continuous compliance to secure containers, Kubernetes, and public cloud infrastructure (including AWS, Google Cloud, IBM Cloud, and Microsoft Azure). The company’s cloud security policy management and container security software incorporate policy as code using Open Policy Agent (OPA). Sysdig Secure unifies run-time security, Infrastructure as Code (IaC) security, continuous cloud security posture management (CSPM), Cloud Infrastructure Entitlements Management (CIEM), compliance, image scanning, network security, incident response, and forensics across containers, Kubernetes, and cloud. Sysdig Secure DevOps Platform provides security and compliance into the build, run, and respond stages of the container and Kubernetes lifecycle. Sysdig also provides a Secure DevOps platform for AWS, Google Cloud, IBM Cloud, Microsoft Azure, and Red Hat OpenShift.

Sysdig announced its intent to acquire the end-to-end cloud-native security platform Apolicy in July 2021 for an undisclosed amount. The acquisition expanded Sysdig’s container security offerings with the integration of Apolicy's IaC security that enforces policy as code, auto-remediation features, and risk-based prioritization to secure cloud and containers during production and pre-deployment.

Key customers and partnerships

Sysdig caters to a diverse customer base across various industries, including financial services, technology, telecommunications, and more. Notable customers as of February 2024 included Goldman Sachs, Bloomreach, T Mobile, Comcast, IBM, Experian, and SAP. By December 2021, Sysdig had a headcount of 500 and served 700 enterprise customers.

Sysdig established strategic partnerships with leading cloud providers and technology companies, focusing on enhancing cloud security, compliance, and monitoring capabilities for its customers.

Funding and financials

In December 2021, the company raised USD 350 million in a round led by private equity firm Permira at a valuation of USD 2.5 billion. Sysdig expected to use the funding to expand its geographical footprint in regions such as the Middle East and Asia, with plans to double its global headcount in 2022.

The company’s annual contract value (ACV) increased by 2.3x YoY during H2 FY2021, with nearly 24 million downloads and a 300% growth in the adoption rate of Falco. For the eight months ended December 2021, Sysdig recorded an annual recurring revenue (ARR) of over USD 875,000 for its top 50 contracts and doubled its customer base YoY.