Tigera raises $10M to help enterprises secure their cloud native applications



Tigera, a San Francisco-based startup that helps businesses connect and secure their container-based applications, today announced that it has raised an additional $10 million in a funding round led by Madrona Venture Group, with participation from New England Associates (NEA) and Wing Venture Capital. Madrona managing partner Soma Somasegar will join the company’s board of directors. With this, Tigera has now raised a total of $23 million.

As enterprises have started to adopt containers and the microservices model they enable, it’s become increasingly clear that the complexity of managing and securing these remains an issue. That’s especially true for large enterprises that want to integrate these “cloud native” capabilities into their existing infrastructure or as part of a multi-cloud strategy that can include both public and private clouds.

“While containers have been the rage for the last 18-24 months, the complexity that grows from this technology quickly escalates to an unmanageable level from an application connectivity and security perspective,” writes Madrona’s Somasegar in today’s announcement. “In fact, this has often been the talking point of those who are hesitant to adopt them too deeply.”

Tigera offers these enterprises a solution for secure application connectivity based on its CNX platform. CNX combines a service mesh (based on the Istio project) with management, security and networking solutions (based on Project Calico‘s flannel). The service puts an emphasis on securing the applications — and not just the infrastructure underneath it.

It’s basically a Zero Trust approach to application connectivity. The good old firewall that used to protect your intranet isn’t going to be of much use when your applications live on multiple clouds, after all.

All of the large cloud providers have already integrated Tigera’s open source tools as the network policy provider for their managed Kubernetes container engines, including AWS, Microsoft, Google and IBM.

Tigera’s VP of Marketing Andy Wright tells me that the company plans to use the new funding to invest in product management and to expand its engagement with new and existing customers. “We want to be sure that every organization on the planet, that is building modern application architectures, is aware of the value that we can create for them,” Wright tells me. “In order to achieve this, we need to build an enterprise marketing organization to deliver valuable content to help educate the market and drive demand.”

Like most enterprise companies, Tigera wasn’t able to disclose its customers, but Wright tells me that they include “two of the largest SaaS companies,” as well as two large financial services companies and a large automotive company.

Tigera decided to go with an “open core” model that combines open source with the company’s closed-source tools as it’s building out its business. “We are deeply passionate about open source and believe the fastest way to drive innovation and adoption is through the open source community, Wright tells me. “We are equally passionate about building the next great enterprise software company. We are now working with mainstream enterprises that have very different needs than others in the cloud native world. In order to meet these two objectives, we have adopted an open core model.”

Featured Image: Mint Images – Art Wolfe/Getty Images



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *