Twistlock Closes $17M Funding Round for Container Security

Written by:Jessica Lyons
Source URL: https://www.sdxcentral.com/articles/news/twistlock-17-million-funding-round-container-security/2017/04/

Container security firm Twistlock today closed on $17 million in Series B funding, led by Polaris Partners. Existing investors YL Ventures, TenEleven, and Rally Ventures participated in the round, bringing Twistlock’s total venture funding to date to $30 million.

In addition to leading the latest funding round, Polaris’ Brendan Hannigan joined the Twistlock board of directors as chairman. Hannigan joined Polaris in November 2016, following his tenure as general manager of IBM security. Before IBM, he served as president and CEO of security intelligence and analytics firm Q1 Labs, which IBM acquired in 2011.

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“We’re excited to partner with Polaris Partners and add Brendan as chairman of the board, given his successful track record running Q1 Labs and scaling the security practice at IBM.” Twistlock CEO Ben Bernstein said in an email. “As Twistlock continues to innovate and scale to the next level, their investment and support will be instrumental in advancing our business.”

Bernstein said the Series B funding will help the company grow its technical staff and invest in future product innovations.

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