Siemens’ Next47 unit has participated in the cloud security platform’s series F round, which valued it $1.19bn and which boosted its overall funding to $394m.

US-based cybersecurity software provider Sysdig secured $188m yesterday in a series F round featuring Next47, a corporate venturing vehicle for industrial technology and appliance manufacturer Siemens.

Multi-family office PremjiInvest and venture capital firm Third Point Ventures co-led the round, which included Bain Capital Ventures, the VC arm of private equity firm Bain Capital, as well as investment bank Goldman Sachs, Accel, DFJ Growth, Glynn Capital and Insight Partners.

Founded in 2013, Sysdig provides a software tool that helps cloud operators…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.