Container networking vendor Tigera announced on Dec. 12 that it has raised $30 million in a new round of funding to help accelerate its cloud-native efforts.
The new funding was led by Insight Venture Partners, with participation from existing investors Madrona, NEA and Wing. Total funding to date for Tigera stands at $53 million. The new fund raise is the second such event for the company in 2018, with a $10 million raise announced back in January. EnterpriseNetworkingPlanet has been following Tigera since the company was first announced in May 2016 at the CoreOS Fest event in Berlin, Germany.
"Kubernetes is gaining momentum within every progressive enterprise," Ratan Tipirneni, president and CEO of Tigera, stated in a media advisory. "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," Tipirneni added.
Container networking has undergone several transitions in recent years. Tigera is one of the founders of the open source Calico networking project. Calico provides a policy-driven networking and security technology that enables micro-segmentation of container networking traffic.
Tigera's flagship commercial product is the Tigera Secure Enterprise Edition, which aims to deliver a zero-trust approach for networking that focuses on authentication and authorization. According to the company, Tigera Secure EE provides fine-grained segmentation designed for modern dynamic workloads, while also supporting traditional host and VM environments. Certificate-based authentication, authorization and encryption can be applied to each workload with no code changes required, and then security policies are monitored for anomaly detection.
The Tigera Secure Cloud Edition, on the other hand, provides security and compliance controls for cloud-based Kubernetes deployments, including Amazon EKS. With Tigera Secure CE, organizations benefit from fine-grained policy control beyond what is currently possible with AWS Security groups.
"Tigera is uniquely positioned in the security market, as a vast majority of enterprises have chosen to use the open source platform Kubernetes," Jeff Horing, co-founder and managing director of Insight Venture Partners, said. "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."
Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.