The new funding will help Tigera accelerate its growth with the rapid
enterprise adoption of Kubernetes
SAN FRANCISCO (BUSINESS WIRE) Tigera, an enterprise software company providing security and compliance
solutions for Kubernetes platforms, today announced the closing of its
Series B funding round of $30 million led by Insight Venture Partners,
with participation from existing investors Madrona, NEA, and Wing.
Tigera plans to use the new funding to accelerate growth to meet the
growing demand of its Kubernetes security and compliance solution at a
critical time as Kubernetes gains traction in the enterprise.
“Kubernetes is gaining momentum within every progressive enterprise,”
said Ratan Tipirneni, president and CEO of Tigera. “These businesses
cannot get their applications to production without strong security
controls and the ability to prove compliance. As a result, we are being
pulled into several hundred projects and will use this funding to meet
that demand.”
Modern microservices based architectures are built using containers and
orchestrated using Kubernetes and present a unique challenge for legacy
security and compliance solutions since these new workloads are highly
dynamic and ephemeral. This new architecture creates an explosion of
internal, or east-west traffic that must be evaluated and secured by the
network and security operations teams. These teams have traditionally
used firewalls to secure network traffic which works well to defend
against external attacks but aren’t effective in handling threats from
the inside. Additionally, given the highly dynamic nature of these
workloads, traditional audit based compliance models break down and a
Continuous Compliance model is required.
Tigera Secure Enterprise Edition (TSEE) secures Kubernetes environments
and ensures continuous compliance using a declarative model similar to
Kubernetes. Under the hood, TSEE authenticates all service-to-service
communication using multiple sources of identity, authorizes each
service based on multi-factor rules, encrypts network traffic, and
enforces security policies at the edge of the host, pod, and container
within the infrastructure for a defense in depth security model. All
connection details are logged in a compliance-ready format that is also
used for incident management and security forensic analysis.
Tigera is the leader in Kubernetes security and compliance. Their
software has become ubiquitous within the Kubernetes ecosystem and is
being used by large enterprises that have adopted Kubernetes. Their
software has been OEMed by Amazon Web Services, Microsoft Azure, Google
Cloud, and IBM Cloud to run their managed Kubernetes Services; as well
as commercial Kubernetes distributions including Docker, Red Hat Open
Shift, and Canonical. Their blend of cloud and on-premises solutions
enable interoperability of security policies between multiple clouds and
on-premises environments which prevents cloud lock-in for Enterprises.
“Tigera is uniquely positioned in the security market as a vast majority
of enterprises have chosen to use the open source platform Kubernetes,”
said Jeff Horing, co-founder and managing director of Insight Venture
Partners. “The market is growing rapidly both with the adoption of
Kubernetes and also with enterprises now ready to go to production and
security and compliance are top of mind. We welcome Tigera to our
portfolio and look forward to helping them scale their business.”
About Tigera:
Tigera provides Zero Trust network security and continuous compliance
for Kubernetes platforms. Tigera Secure Enterprise Edition extends
enterprise security and compliance controls to Kubernetes environments
with support for on-premises, multi-cloud, and legacy environments.
Tigera Secure Cloud Edition is available on the AWS marketplace and
enables fine-grained security and compliance controls for Kubernetes on
AWS and Amazon EKS. Tigera powers all of the major Hosted Kubernetes
environments including Amazon EKS, Azure AKS, Google GKE, and IBM
Container Service. Tigera is also integrated with the major on-premises
Kubernetes deployments and is shipped “batteries included” in Docker EE
and fully integrated with Red Hat OpenShift. Visit us at www.tigera.io
or follow us on Twitter @tigeraio
About Insight Venture Partners:
Insight Venture Partners is a leading global venture capital and private
equity firm investing in high-growth technology and software companies
that are driving transformative change in their industries. Founded in
1995, Insight currently has over $20 billion of assets under management
and has cumulatively invested in more than 300 companies worldwide. Our
mission is to find, fund, and work successfully with visionary
executives, providing them with practical, hands-on growth expertise to
foster long-term success. Across our people and our portfolio, we
encourage a culture around a core belief: growth equals opportunity. For
more information on Insight and all its investments, visit www.insightpartners.com
or follow us on Twitter @insightpartners.
Contacts
Andy Wright
andy.wright@tigera.io
(415)
361-3594
Scott Samson
scott@samsonpr.com
(415)
781-9005
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