SAN FRANCISCO, CA (PRWEB) June 16, 2016
Tigera, Inc. today announced that it has closed its Series A funding round of $13 million to further its mission of securing cloud-native applications. The round was led by New Enterprise Associates (NEA) with participation from Wing Venture Capital. Ron Bernal, Venture Partner at NEA; Aaron Jacobson, Principal at NEA; and Peter Wagner, Founding Partner at Wing have joined Tigera’s Board of Directors.
This latest round of funding will enable Tigera to expand its engineering capacity and continue to foster the rapidly growing community momentum around three key open source projects: Calico, Canal, and Flannel. Project Calico has established itself as the leading policy-driven networking solution for cloud environments including Docker, Kubernetes, Tectonic, Apache Mesos, DC/OS, and OpenStack. The Canal project, a joint initiative between Tigera and CoreOS, integrates Calico’s advanced policy capabilities with the broad range of cloud networking options offered by the Flannel networking solution. The combination is a suite of capabilities that is rapidly emerging as the de facto standard for cloud-native policy-driven networking and network security.
“We are in the very earliest stage of a massive shift in how enterprises develop and deploy applications, requiring a new generation of network virtualization and security infrastructure,” said Ron Bernal. “Tigera is at the forefront of this transition, working with some of the most influential thought leaders in the industry to shape and enable the capabilities that will be required over the coming decade. NEA is excited to be part of this journey.”
“Recently, we have seen the rise of a new model of application development and deployment, based around containers and DevOps methodologies,” said Peter Wagner. “Our thesis is that as this developer-driven revolution drives changes in underlying infrastructure, Tigera is well positioned to enable enterprises to adopt this microservices-centric approach while streamlining operational simplicity and security.”
“We are thrilled to have the support of some of the leading investors in Silicon Valley,” said Andy Randall, Tigera CEO. “Today is an important milestone not just for Tigera, but for the wider community of users, partners and developers that is driving the cloud-native movement.”
Tigera will be exhibiting next week, June 19-21, at DockerCon in Seattle, booth S5.
Tigera is the leading provider of integrated, secure, policy-driven cloud-native networking solutions for enterprises looking for secure application and workload delivery across private, public and hybrid clouds. Building on open source projects including Canal, Calico, and Flannel, Tigera’s solutions integrate with all major cloud-native environments including Kubernetes, Tectonic, DC/OS, Apache Mesos, Docker Swarm, Apache Brooklyn and OpenStack. Tigera is based in San Francisco and is funded by leading venture capital investors. For more information visit http://www.tigera.io, and follow the company on Twitter @tigeraio.
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $17 billion in committed capital since inception, NEA invests in technology and healthcare at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 200 portfolio company IPOs and more than 320 acquisitions. For additional information, visit http://www.nea.com.
About Wing Venture Capital
Wing is a purpose-built venture capital firm with a different perspective on what it takes to create enduring businesses. It commits to its portfolio companies in their early stages and engages for the long term, with a singular focus on the transformation of business technology by the data-mobile-cloud paradigm. The body of work of Wing’s award-winning team spans two decades and dozens of companies, 17 of which have executed successful IPOs and achieved market capitalizations in excess of $1 billion. Recent examples include FireEye, MobileIron, Nimble Storage, Opower and Ruckus Wireless. For more information, visit http://www.wing.vc.