Tigera, a provider of secure native cloud application connectivity for enterprises, has raised an additional $10 million in funding from Madrona Venture Group, New Enterprise Associates (NEA), and Wing Venture Capital. This round brings Tigera’s total funding to just over $23 million.
In exchange for the financial investment, Soma Somasegar, the managing director of Madrona Venture Group, joins Tigera’s Board of Directors.
Tigera creates solutions for companies that are creating applications in the cloud native world. One of the biggest challenges for enterprise-level organizations is the increased complexity and security challenges that come with running modern containers and microservices at scale.
One of its solutions is the Tigera CNX platform. CNX is built specifically for cloud native environments, including multi-cloud deployments, that facilitates secure application connectivity and management.
The Rise of Containers and Microservices
Over the past two years, an increasing number of applications are being deployed as a mesh of containers and microservices rather than through a more traditional virtual machine. Problems arise when you do this at scale with numerous individual containers all interconnecting and communicating with other systems. When these native applications are connecting across multiple clouds and with more traditional static VMs, existing management systems struggle to keep up with demand.
Tigera presents itself as a solution to this problem. Its platform enables enterprises to secure and manage connectivity between native cloud applications, traditional VMs, and other more legacy environments at scale. It utilizes a zero trust security policy, and its CNX platform is built with the compliance requirements of the enterprise world in mind.
“While containers and microservices have been the rage for the past 18 to 24 months, the complexity that grows from this technology quickly escalates to an unmanageable level from an application connectivity and security perspective,” said Soma Somasegar, managing director at Madrona Venture Group. “Tigera is addressing a very important part of this complexity for enterprise customers by delivering a secure application connectivity solution in a cloud-native world. That’s why we are very excited to invest in Tigera.”
Recently, Tigera’s software was selected by AWS, Microsoft Azure, Google Cloud, and IBM Cloud as the network policy provider for their managed Kubernetes offerings. Kubernetes is an open-source system for automating deployment and management of containerized applications.
Tigera intends to use the new investment to build out its marketing and product development efforts to encourage more enterprises to adopt its products.
In a recent interview with TechCrunch, Tigera VP of Marketing Andy Wright said, “We want to be sure that every organization on the planet that is building modern application architectures is aware of the value that we can create for them.”