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Tigera Raises $30M Series B Led by Insight Venture Partners

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The new funding will help Tigera accelerate its growth with the rapid

enterprise adoption of Kubernetes


Tigera Raises M Series B Led by Insight Venture Partners

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


Tigera Raises M Series B Led by Insight Venture Partners
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