SOURCE: Twistlock

July 06, 2016 07:30 ET

Twistlock Secures $10 Million in Series A Funding

TenEleven Ventures Leads the Series A Round With Rally Ventures and Existing Investor YL Ventures

SAN FRANCISCO, CA--(Marketwired - Jul 6, 2016) - Twistlock, the leading provider of security solutions for virtual containers, today announced it has completed a $10 million round of funding led by TenEleven Ventures. The round was completed with strong support from new investor Rally Ventures and existing backers YL Ventures and a strategic venture firm.

Twistlock also announced that Alex Doll, founder of TenEleven Ventures, has joined its board of directors. Alex is a long-time security industry veteran who cofounded PGP Corporation and currently is an investor in and director of several high-growth cybersecurity companies, including CounterTack, Cylance and Ping Identity.

Virtual container technologies such as Docker have seen strong uptake in the market and are being adopted by enterprises. "Twistlock is poised to become the gold standard for securing containers," said Doll. "As we have seen with every technology transition on the scale of today's cloud, the lack of trust can be the single biggest hurdle for adoption. The Twistlock team has accomplished an impressive rookie-year record -- acquiring new customers, some of which are the world's largest enterprises, on a weekly basis. Twistlock helps these enterprises enable trust and therefore unleashes developers' potential with containers. TenEleven looks forward to helping Twistlock scale up its business and attain the next phase of growth."

Rally Ventures' Art Coviello, the former CEO of RSA security, said: "The strength of Twistlock's team, the company's impressive customer traction, and the bright future for containers in the enterprise were the key drivers in Rally's decision to back Twistlock. We are confident that the Twistlock team can revolutionize how enterprise security is accomplished in the brave new container world."

"We are delighted to have venture capitalists of this caliber and experience helping us build the company," said Ben Bernstein, CEO and co-founder of Twistlock. "We plan to grow the business and the technology aggressively so we can continue to provide best-in-class protection for organizations that are adopting containers and microservices."

Since its inception in 2015, Twistlock has enjoyed exceptional growth. The company now claims Fortune 50 firms, large enterprises and innovative startups in its rapidly growing customer base. Twistlock's growth is in part due to its approach to embedding security in the early stages of the container lifecycle. This approach enables declarative ways to implementing runtime security, which delivers tremendous benefits.

Industry veterans agree with Twistlock's approach. Jim Routh, chief information security officer of Aetna, said, "Adding security to a container based implementation of DevOps is essential for vulnerability management, audit logging and permission management to realize economic benefit in software security."

Twistlock also recently announced that New York-based InVision has chosen the company to secure its container environments. "Twistlock's initial trial in our environment greatly enhanced the protection and integrity of customer data," said InVision's vice president of information security Johnathan Hunt. "Twistlock has proven to be the only full-featured container security product capable of protecting our chosen technologies and meeting our rigorous standard of security requirements."

Twistlock's technology highlights include Twistlock Trust, a set of capabilities that manages container vulnerabilities and enforces compliance practices, and Twistlock Runtime, a collection of runtime functions that delivers the powerful behavior analytics of containerized applications and defends against zero-day threats in the production environment.

"A good security protection is one that you never hear from. We aim to deliver completely automated security for the entire container stack, without manual intervention and disruptive false alarms," said Dima Stopel, head of R&D and co-founder of Twistlock. "This is what enterprises want, and this is where Twistlock is headed."

Additional Resources:
To learn more about Twistlock Container Security Suite, see www.twistlock.com
To start a free trial for Twistlock Container Security, see here.
Follow us on Twitter: @twistlockteam
Follow us on LinkedIn: https://www.linkedin.com/company/twistlock

About Twistlock: Twistlock provides the industry's first enterprise suite for container security. Twistlock's technology addresses risks on the host and within the containerized application, enabling enterprises to enforce consistent security policies from development to production. Our innovative technologies monitor container activities, manage vulnerabilities, detect and isolate threats targeting production environments. Twistlock's mission is to provide an end-to-end, enterprise-grade security stack for containerized computing, so organizations can maximize the benefits of adopting containers.

About TenEleven Ventures: The industry's original venture capital fund that is focused solely on investing in digital security. The firm is 100% focused on security, invests globally and benefits from its full investment spectrum view of digital security, from seed to growth (via its Joint Investment Alliance with KKR Technology Group.) Since its founding in 2015, Ten Eleven Ventures has invested in CounterTack, Cylance, Digital Shadows, Hexadite and Ping Identity. 

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