PORTLAND, Ore., Aug. 15, 2018 /PRNewswire/ -- Twistlock, the leader in container and cloud native cyber security, today announced it raised $33 million in Series C funding, led by ICONIQ Capital. In addition to ICONIQ, existing investors YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital all participated in the round, which brings Twistlock's total funding to $63 million to date. This funding will allow Twistlock to scale its operations and build upon the leading customer and partner base established over the past three years.
"Since our first release in 2015, it's been clear that containers and cloud native were the future - and that there was a huge gap in security platforms that not only protected these new technologies - but also leveraged them to deliver stronger defense than ever before possible. We're proud of our leadership in the industry and the hundreds of customers protected by Twistlock today. Our partnership with ICONIQ reflects this success, and their focus on helping market leaders cement their position sets the stage for our ongoing growth," said Ben Bernstein, Twistlock CEO.
This latest round of funding validates Twistlock's continued leadership and momentum. Since its inception in 2015, Twistlock has grown its customer base over 350 percent each year, and leads the industry with over 25 percent of Fortune 100 companies as customers, including McKesson, Walgreens, Aetna and USAA. Twistlock now protects the cloud native workloads of hundreds of enterprises worldwide. The Twistlock Advantage Program, a global reseller and technology partner network, launched earlier this year and now counts over 75 members committed to working alongside Twistlock in delivering secure cloud native solutions. Twistlock has also experienced significant headcount growth, with over 200 percent year over year increase, and the opening of five offices across the globe.
Earlier this month, Twistlock announced its 14th major release of its flagship platform, Twistlock 2.5. This new release unifies protection for containers, serverless functions, and container-as-a-service platforms like AWS Fargate into a single, full-lifecycle, full stack security platform. Twistlock 2.5 also marks the debut of Twistlock's industry-first cloud native forensics capabilities - which flip traditional incident response and forensics capabilities on their head to empower security operators to respond faster than ever before.
For more information about Twistlock, visit Twistlock.com
- Read Twistlock CEO Ben Bernstein's blog on the funding
- Hear stories from Twistlock customers
- See Twistlock's cloud native security platform in action
- Learn about Twistlock's investors and read YL Ventures reflect on 3 years of Twistlock
Trusted by 25% of the Fortune 100, Twistlock is the most complete, automated and scalable container cybersecurity platform. From precise, actionable vulnerability management to automatically deployed runtime protection and firewalls, Twistlock protects applications across the development lifecycle and into production. Purpose built for containers, serverless, and other leading technologies - Twistlock gives developers the speed they want, and CISOs the control they need. For more information, please visit www.twistlock.com
ICONIQ Capital is a privately-held investment firm that serves some of the world's most influential families and organizations. ICONIQ provides financial advisory and family office services, and manages direct investments across asset classes, with specific focus on technology growth equity, venture capital, middle market buyout and real estate.