Total amount raised
$53 Millions
Latest funding date
12/01/2018
Location
Tigera has successfully raised significant funding through multiple rounds, with its latest being a Series B round closed on December 12, 2018. The company is backed by six investors, including Insight Partners and Madrona Venture Group.
Keep reading to explore the intricacies of Tigera's fundraising journey and the investors backing this innovative platform.
What Is Tigera?
Tigera, founded on April 11, 2016, is a prominent player in the cloud and network security industry. Based in San Jose, California, the company was established by Alex Pollitt, Andrew Randall, and Christopher Liljenstolpe. Tigera specializes in providing network security and observability solutions for Kubernetes environments.
With an employee count ranging between 101-250, Tigera is known for its flagship product, Calico. This platform is designed to prevent, detect, and mitigate security breaches in Kubernetes clusters. Calico is widely adopted for container networking and security, supporting over 100 million containers across more than 8 million nodes globally.
How Much Funding Has Tigera Raised?
- Series A (June 16, 2016)
- Amount Raised: $13M
- Date: June 2016
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series A (January 25, 2018)
- Amount Raised: $10M
- Date: January 2018
- Lead Investors: Madrona
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's engineering capabilities and support customer growth.
- Series B (December 12, 2018)
- Amount Raised: $30M
- Date: December 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand engineering, marketing, and customer success teams, and establish a large office in Vancouver, Canada.
Total Amount Raised: $53M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a leading global private equity and venture capital firm investing in high-growth technology and software companies. They have a strong track record of supporting companies through various stages of growth.
- Investment Focus Areas: Technology, software, high-growth companies
- Notable Investments: Twitter, Shopify, DocuSign
- Madrona
- Details: Madrona is a venture capital firm based in Seattle, focusing on early-stage technology companies. They have been instrumental in the growth of several successful startups in the Pacific Northwest.
- Investment Focus Areas: Early-stage technology, Pacific Northwest, startups
- Notable Investments: Amazon, Smartsheet, Redfin
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest and most active venture capital firms, investing in technology and healthcare sectors. They have a diverse portfolio and a long history of successful investments.
- Investment Focus Areas: Technology, healthcare, all stages of company lifecycle
- Notable Investments: Coursera, Robinhood, Uber
- Wing
- Details: Wing is a venture capital firm that partners with founders to build market-transforming companies in the technology sector. They focus on early-stage investments and have a hands-on approach.
- Investment Focus Areas: Technology, market-transforming companies, early-stage
- Notable Investments: Snowflake, Cohesity, Gong.io
What's Next for Tigera?
As Tigera continues to grow, the company is poised to capitalize on the increasing adoption of Kubernetes and container deployments. With major public cloud providers like AWS, Microsoft Azure, and Google Cloud integrating Tigera's solutions, the potential for market expansion is substantial. The company plans to expand its engineering, marketing, and customer success teams, and establish a large office in Vancouver, Canada, to tap into local talent.
Future fundraising opportunities appear promising, given the significant interest from investors. This influx of capital could further accelerate Tigera's growth and innovation. However, the company will need to navigate challenges such as ensuring security and compliance in dynamic IT environments and managing rapid growth effectively. By staying ahead of industry trends and maintaining a strong focus on customer needs, Tigera is well-positioned for continued success.
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