DEVOPSdigest

StackRox secured an additional $26.5 million in funding.

Menlo Ventures led the funding round with participation from Highland Capital Partners and Hewlett-Packard Enterprise along with StackRox's existing investors, Sequoia Capital and Redpoint Ventures.

Priyanka Sharma, GM of the Cloud Native Computing Foundation (CNCF), cited pandemic compute resources and the rise of DevSecOps as the top trends responsible for shaping the cloud-native community for the foreseeable future. StackRox's Kubernetes-native architecture helps companies adapt to changing business conditions and secure their cloud-native applications as they support remote work and embrace DevSecOps.

"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, StackRox CEO. "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."

StackRox will use the $26.5 million in new funding to accelerate growth, expand in key geographies such as EMEA, and support R&D efforts to continue its industry-leading innovation in Kubernetes-native container security and compliance. As part of this investment, Venky Ganesan, partner, Menlo Ventures, has joined the StackRox board.

"We've seen the innovation companies are enabling by building applications in containers and Kubernetes. The need to protect those applications, at the scale and pace of DevOps, is crucial to realizing the business benefits of that innovation," said Venky Ganesan, partner, Menlo Ventures. "While lots of companies have focused on securing the container, only StackRox saw the need to focus on Kubernetes as the control plane for security as well as infrastructure. We're thrilled to help fuel the company's growth as it dominates this dynamic market."