Container and Kubernetes security company StackRox on Thursday announced that it raised another $26.5 million in funding, which brings the total inves
Container and Kubernetes security company StackRox on Thursday announced that it raised another $26.5 million in funding, which brings the total investment secured by the firm to $61 million.
The latest funding round was led by Menlo Ventures, with participation from Highland Capital Partners, Hewlett-Packard Enterprise, Sequoia Capital and Redpoint Ventures.
The California-based company plans on using the money to accelerate growth, expand in the EMEA region, and boost R&D efforts.
StackRox has developed a Kubernetes-native container security platform designed to help both security and DevOps teams enforce security and compliance policies. The platform can be integrated with existing tools.
The company says it achieved a revenue growth of over 240% in the first half of 2020.
“Companies are adopting containers and Kubernetes at a record pace to enable the rapid application development that’s needed for business innovation. The pandemic has heightened the urgency for innovation, and remote work has added far greater security demands,” said Kamal Shah, CEO of StackRox.
“Our Kubernetes-native solution enables a true Security-as-Code approach to DevSecOps and protecting cloud-native applications, delivering security that is built in, not bolted on. As a result, we’re seeing substantial growth in demand for our Kubernetes-native security platform compared to legacy container security solutions,” Shah added.