Twistlock to boost enterprise security with $17M new funding

Twistlock, a provider of cloud container security solutions has raised $17 million in Series B funding, led by Polaris Partners, designed to support continued innovation and market leadership in the container security space. Existing investors YL Ventures, TenEleven and Rally Ventures participated in the round. Furthermore, the company has appointed Brendan Hannigan of Polaris to its Board of Directors as Chairman.
“As containers gain mainstream momentum and cloud-native applications surge, practices such as DevOps culture, continuous delivery, cloud development and containerization require a reinvention of security,” said Brendan Hannigan, Chairman, Twistlock and venture partner at Polaris Partners.
“Twistlock has leapt to the leadership of container security by delivering rapid innovation and customer growth and is spearheading new ways to secure applications which address persistent flaws in old security solutions that have haunted customers for years,” he added. Twistlock’s venture capital investment to date totals $30 million. Since the release of Twistlock 1.0 in November 2015, the company claims that its customer base has grown over 325 percent, with over 40 customers worldwide as of early 2017.
“We are pleased to bring Polaris and Brendan’s expertise into the fold, especially given his track record of leadership success both in the security startup scene as well as significantly scaling the security practice at IBM,” Ben Bernstein, CEO and Co-founder, Twistlock.
“This investment and partnership with all participants in the round validates Twistlock’s success in product delivery and customer adoption, while providing us instrumental support as we continue to scale our team and deliver innovative security solutions,” Bernstein added. Earlier this month, the company announced the availability of Twistlock 2.0 during DockerCon in Austin, Texas. The new release includes an updated user interface, significant performance improvements and several new features that enable organizations to stop an attack before it starts. Twistlock’s approach to application security uses machine learning to automatically create and enforce security models, giving developers the agility they need to deliver software in the modern world.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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