Lacework offers a Polygraph-powered cloud security platform that automates cloud security at scale and consolidates point security solutions into a single platform. The company collects, analyzes, and correlates data across AWS, Azure, GCP, and Kubernetes to surface the handful of security events that matter. Lacework serves customers globally, citing recent customers including LogicMonitor, Hypergiant, and Sprinklr. Founded in 2015 and headquartered in San Jose, Calif., the company has been scaling rapidly. It reported more than 3x year-over-year revenue growth, a 3.5x year-over-year increase in new customers, and more than 3x year-over-year employee growth. Lacework plans to use new capital for select acquisitions, expansion in Europe and Asia-Pacific, and to work more efficiently with channel partners. Lacework delivers a cloud-native security platform offered as-a-service that detects threats and maps cloud changes using its Polygraph™ security architecture built on Snowflake. The platform applies automation and machine learning to process large-scale security telemetry, reducing false positives by up to 98% and cutting investigation time by over 90%. It covers both cloud security posture and cloud protection workloads, and in 2020 eighty percent of new customers replaced two or more point products with Lacework. Customers include Brightcove, LendingTree, Veeva Systems, and Pure Storage. Lacework reported accelerated adoption tied to more than 300% revenue growth in 2020. Future plans include extending the SaaS security platform into adjacent spaces, expanding integrations across the devops toolchain, and supporting security data lake initiatives for Snowflake customers. The company plans to use the new capital to expand go-to-market and partner ecosystem operations and grow engineering and R&D across the US and Europe. Lacework delivers a complete cloud security platform for the entire IT infrastructure, covering DevOps and orchestration environments as well as cloud and hybrid workloads. Its system self-adapts to cloud configurations to provide visibility and intrusion detection for enterprises. The company is led by CEO Dan Hubbard and is based in Mountain View, Calif. Lacework raised $42M in financing to support its operations. The new funding and leadership changes are intended to support product innovation and go-to-market activities. Recent leadership moves include hiring cloud security veteran Andy Byron as President and adding two board members, Mike Speiser and John McMahon. Lacework provides automated, end-to-end security and compliance for public clouds to minimize security risks, detect threats and close compliance gaps. Its Lacework Cloud Security Platform uses machine learning to analyze the billions of events generated by modern clouds, baseline the normal behavior of each cloud deployment, and automate the detection and scoring of risks across the cloud’s multiple attack surfaces. Led by President and CEO Stefan Dyckerhoff, the company is based in Mountain View, California. Lacework has more than 20 customers in production. It intends to use new funds to accelerate growth in global sales and marketing capabilities and to drive adoption and deployment of its security solution. To date the company has raised $32.7M in total funding.

Total raised

$1.9B

Funding rounds

4

Latest round

Series D

Latest activity

Nov 2021