Lacework Raises $1.3 Billion at $8.3 Billion Valuation for Tech Industry

Lacework is a data-driven security platform for the cloud. It provides end-to-end security automation threat defense and intrusion detection for AWS, GCP, and Azure cloud workloads and containers.

The Series D round was led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management. Along with them, the new investors took part: Counterpoint Global (Morgan Stanley), Durable Capital, Franklin Templeton, General Catalyst, and XN. As well as already participated Coatue, Dragoneer, Liberty Global Ventures, and Snowflake Ventures.

Lacework, San Jose, was founded in 2015 by Mike Speiser, Sanjay Kalra, Vikram Kapoor. Lacework aims to solve fundamental cloud security problems. Lacework’s Cloud Security Platform is the technology that integrates security from code. Lacework is powered by Polygraph, a machine-learning engine. The money raised will be used for the extension of the leadership in the cloud security market with product innovation and strategic acquisitions. Among the customers are LogicMonitor, Hypergiant, Sprinklr. The number of customers has increased 3.5 times y.o.y.

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