Powered by

Lacework Closes a $525 Million Growth Round to Scale Up Infrastructure Security for the Cloud Generation; Led by Sutter Hill Ventures and Altimeter Capital with a Strategic Investment from Snowflake Ventures, the Record Breaking Round Positions Lacework t

Jan 07, 2021 - Business Wire

Lacework, the security platform for the cloud generation, today announced a $525 million growth round with a valuation of over $1 billion. Led by Sutter Hill Ventures and Altimeter Capital, and joined by D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management, the round reflects Lacework's accelerated adoption among digital businesses building on Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and Kubernetes.

Lacework is trusted by cloud-based businesses such as Brightcove, LendingTree, Veeva Systems, and Pure Storage. The investment round will be used to accelerate the strategies that drove Lacework's 300%+ revenue growth in 2020, expand its go-to-market and partner ecosystem operations, and grow its engineering and R&D teams across the US and Europ...