02 Feb Container Security Vendor Tigera Gets a $10 Million Round of Funding
Trust is generally seen as a good thing. But when it comes to the world of cloud computing, that idea doesn’t work. In fact, it’s a very, very bad thing when your applications are trusting the wrong technologies; it leads to compromise and all kinds of security issues.
What’s needed in these cloud environments is the opposite of trust. The assumption needs to be that you can’t trust anyone. It’s a huge challenge given the fluid nature of apps, services and workloads running in containers. That’s why Tigera just got another round of funding, as its mission is to make sure cloud-native apps are secure.
Tigera helps companies connect and secure their container-based applications, which is why it’s been endorsed by the four largest public cloud providers: AWS, Microsoft Azure, Google and IBM. Its latest round of investment comes from Madrona Venture Group, with participation from New Enterprise Associates (NEA) and Wing Venture Capital. The $10 million received brings the total of funding to $23 million so far.
Tigera also announced that Soma Somasegar, managing director at Madrona Venture Group and former Microsoft executive, has joined Tigera’s Board of Directors.
“While containers and microservices have been the rage for the past 18 to 24 months, the complexity that grows from this technology quickly escalates to an unmanageable level from an application connectivity and security perspective,” Somasegar said in a press release. “Tigera is addressing a very important part of this complexity for enterprise customers by delivering a secure application connectivity solution in a cloud native world. That’s why we are very excited to invest in Tigera.”
The secret sauce for Tigera’s enterprise solution is CNX. It was launched last month and already has been picked by several Fortune 1,000 companies to connect and secure their container, virtual machine and bare metal host workloads across all public clouds and on-premises legacy workloads. CNX secures application connectivity using Tigera’s unique ZT-Auth technology, which enables the enterprise to adopt a Zero Trust approach to application connectivity.
CNX provides a complete packaged solution for secure application connectivity, including management, security, service mesh and networking.
As more companies move to cloud-native development and management, the value of Tigera’s approach becomes more and more obvious. I’ll be watching them closely in the future. You can arrange for a demo to find out more about this innovative company.