Securing the journey to the cloud
Market Opportunity
One of the major barriers to enable broad enterprise adoption is security, compliance and monitoring of containers – Twistlock had the only complete and robust solution at the time of investment.
Our Series A investment was a thematic play on the rise of containers, which we believed would have similar potential to what virtualization demonstrated a decade earlier.
Managing Team
Twistlock’s founding team worked together at Microsoft and all had roots from the IDF’s cyber unit. Their marketing and sales teams developed a thoughtful go-to-market approach, cultivating thought leadership amongst its audience of developers, DevOps and engineers who were focused on building and managing in this new ecosystem.
Ten Eleven Impact
Ten Eleven introduced the company to Brendan Hannigan, former IBM Security CEO, who would later become Chairman of Twistlock.
Ten Eleven also helped facilitate both the Series B and Series C for Twistlock, providing investor introductions and guidance on timing, valuation and positioning.
Key Milestones
2016
$10M
SERIES A
2017
$17M
SERIES B
2018
$33M
SERIES C
July, 2019
$425M
Outcome
Twistlock was acquired in an all-cash transaction by Palo Alto Networks to extend its Prisma cloud security strategy.
At the time of acquisition, Twistlock served more than 300 customers, with more than a quarter of those on the Fortune 100 list.