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Twistlock Raises $10M in Series A

Container security specialist Twistlock gets backing from TenEleven Ventures, Rally Ventures and existing investor YL Ventures.

July 6, 2016

3 Min Read

SAN FRANCISCO -- Twistlock, the leading provider of security solutions to 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 served as a PGP Corporation co-founder and currently is an investor 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 including adoption 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. They help these enterprises enable trust and therefore unleash developers’ potential with containers. TenEleven looks forward to helping Twistlock scale up their business and attain the next phase of growth.”

Rally Ventures’ Art Coviello, the former CEO of RSA security said: “Twistlock’s team strength, impressive customer traction, and the bright future for containers in the enterprise were the key drivers for Rally backing 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 aggressively grow the business and the technology so we can continue to provide best-in-class protection for organizations adopting containers and microservices.”

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

Industry veterans agree. 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."

Among other customer news, Twistlock recently announced 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 powerful behavior analytics of containerized applications and defend 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.”

Twistlock Inc.

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