This round of funding brings Sysdig’s total funding to date to US$121.5million. Sysdig will use the funds to extend its leadership in enabling enterprises to operate reliable and secure containerised infrastructure and cloud-native applications.

Cloud-enabling technology market

451 Research predicts the cloud-enabling technology market to grow to US$39.6billion through 2020, and containers are predicted to be the fastest growing segment of that market at 40%. Gartner predicts that “by 2020, more than 50% of global organisations will be running containerised applications in production, up from less than 20% today.”

“As enterprises accelerate their move to cloud-native applications, they recognise the need for a new breed of solutions that will enable them to meet performance, reliability, security, and compliance requirements,” comments Richard Wells, Managing Director at Insight Venture Partners.

Container-based applications

“Sysdig’s novel approach of tapping an entirely new data source that provides both security and monitoring for container-based applications has proven more effective, more scalable, and higher ROI.”

This round of funding also accelerates the strong momentum and rapid growth Sysdig has experienced over the last year.

Written from press release by Leah Alger

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Shifts to the cloud

While Software Asset Management (SAM) solutions are being widely adopted by enterprises to help, according to a recent survey report published by Flexera Software, security risks and massive enterprise shifts to the cloud are transforming the definition of SAM and by extension, how SAM solutions must evolve to stay relevant.

“The definition of enterprise software has changed drastically – from an IT asset running on a local physical device – to an asset that is exposed to the risks inherent in the Internet, and is often virtualised or running remotely from a cloud, leveraging cloud infrastructures that carry their own costs and risks,” said R “Ray” Wang, Principal Analyst and Founder at Constellation Research. “The old definitions of SAM are too limited and must expand to allow businesses to manage costs and risk in this new IT framework.”

Cloud-based applications

The report revealed that enterprises are now largely running a mix of on-premises, virtualised and cloud-based applications rendering obsolete, last-generation SAM technology incapable of managing cost and risk across complex desktop, datacenter and cloud environments. Specific survey findings from the report include:

• Windows– Here Today: Almost three quarters (73 percent) of enterprises say the vast majority of their desktop apps (80 percent or more) run on Microsoft Windows.
• Gone Tomorrow? That number will decline to 64 percent within the next two years.
• A Virtual Reality: 39 percent of organisations say a quarter or more of their apps have been virtualised.
• Just Say SaaS: 20 percent of organisations report that more than a quarter of their apps are SaaS-based.
• Partly to Mostly Cloudy:
• 47 percent of enterprises say they are running some of their apps in a public cloud.
• 84 percent report running some of their apps within private clouds.
• Insecure Majority: Only 29 percent of organisations continually monitor their     systems to find unlicensed and unauthorised software for security purposes.

Edited from press release by Jordan Platt.

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