Total amount raised
$53 Million
Latest funding date
12/01/2018
Location
Tigera has successfully raised funds over three rounds, with the latest being a Series B round. 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 supporting this innovative platform.
What Is Tigera?
Tigera is a private company based in San Jose, California, specializing in cloud security, network security, open source, SaaS, and software. The company provides unified network security and observability for Kubernetes environments.
With an employee count ranging from 101 to 250, Tigera offers solutions like Calico Open Source, Calico Cloud, and Calico Enterprise. The company is recognized as a leader in its field and trusted by customers worldwide for its comprehensive security and observability solutions.
How Much Funding Has Tigera Raised?
- Series A
- Amount Raised: USD 13,000,000
- Date: June 2016
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and enhance their Kubernetes security solutions.
- Series A
- Amount Raised: USD 10,000,000
- Date: January 2018
- Lead Investors: Madrona
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and improve product offerings.
- Series B
- Amount Raised: USD 30,000,000
- Date: December 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, expand engineering, marketing, and customer success teams, and establish a new office in Vancouver.
Total Amount Raised: USD 53,000,000. 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.
- Investment Focus Areas: High-growth technology, software companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- Madrona
- Details: Madrona is a venture capital firm based in Seattle, focusing on early-stage technology companies, particularly in the Pacific Northwest.
- Investment Focus Areas: Cloud computing, machine learning, artificial intelligence.
- 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 companies at all stages of growth.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Coursera, Robinhood, Uber.
- Wing
- Details: Wing is a venture capital firm that partners with early-stage companies focused on business technology.
- Investment Focus Areas: Business technology, cloud computing, data analytics, enterprise software.
- Notable Investments: Snowflake, Cohesity, Gong.io.
What's Next for Tigera?
As Tigera continues to expand, the opportunities ahead are vast. The company is poised to capitalize on the growing adoption of Kubernetes and containerized applications, with significant potential in the healthcare, financial, and SaaS sectors. The expansion of their engineering, marketing, and customer success teams, along with a new office in Vancouver, signals a robust growth trajectory.
Future fundraising opportunities appear promising, given the strong interest from investors and the company's strategic position in the Kubernetes ecosystem. Tigera's partnerships with major cloud providers and its zero-trust security model make it an attractive candidate for further investment rounds.
However, challenges remain. Ensuring compliance and security in dynamic containerized environments, competing with other security solutions, and scaling operations while maintaining quality are critical hurdles. Navigating the evolving regulatory landscape will also be essential for sustained success.
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