Total amount raised
$1.9 Billions
Latest funding date
Location
Title
Lacework has successfully raised significant funding over multiple rounds, with notable investors such as Google Ventures and Franklin Templeton backing the company. The platform specializes in automating cloud security, offering services that include threat detection, compliance automation, and workload protection.
Keep reading to explore the intricacies of Lacework's fundraising journey and the investors supporting this innovative cloud security provider.
What Is Lacework?
Lacework, founded in January 2015, is headquartered in Mountain View, California. The company was established by Mike Speiser, Sanjay Kalra, and Vikram Kapoor.
Specializing in cloud security, Lacework offers a unified platform that automates threat detection, compliance, and workload protection across multi-cloud environments. Their services cater to DevOps, containers, and cloud infrastructures.
With a workforce of 1001-5000 employees, Lacework continues to innovate in the field of cloud security, providing essential tools for modern enterprises to safeguard their digital assets.
How Much Funding Has Lacework Raised?
- Series A (May 25, 2015)
- Amount Raised: $8M
- Date: May 2015
- Lead Investors: Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and expand the team.
- Series A (Aug 28, 2018)
- Amount Raised: $24M
- Date: August 2018
- Lead Investors: Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B (Sep 12, 2019)
- Amount Raised: $42M
- Date: September 2019
- Lead Investors: Liberty Global Ventures, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market penetration and product development.
- Series C (Jan 7, 2021)
- Amount Raised: $525M
- Date: January 2021
- Lead Investors: Altimeter Capital, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand globally and invest in R&D.
- Series D (Nov 18, 2021)
- Amount Raised: $1.3B
- Date: November 2021
- Lead Investors: Altimeter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market leadership and enhance product offerings.
- Venture Round (Feb 2, 2022)
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
Total Amount Raised: $1.899B
Current Valuation: Not publicly disclosed
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, healthcare, artificial intelligence, consumer products
- Notable Investments: Uber, Nest, Slack
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm that manages both public and private equity funds. The firm is known for its long-term investment approach.
- Investment Focus Areas: Technology, software, internet, cloud computing
- Notable Investments: Snowflake, Roblox, Unity Technologies
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm that has been investing in early-stage technology companies for over 50 years. The firm is based in Palo Alto, California.
- Investment Focus Areas: Enterprise software, cloud computing, healthcare
- Notable Investments: Pure Storage, Snowflake, Sumo Logic
- Liberty Global Ventures
- Details: Liberty Global Ventures is the investment arm of Liberty Global, one of the world's leading converged video, broadband, and communication companies. The firm focuses on strategic investments in technology and media.
- Investment Focus Areas: Media, telecommunications, technology
- Notable Investments: Plume, EdgeConneX, Layer3 TV
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization offering mutual funds, retirement planning, and other investment services. The firm has a strong presence in both retail and institutional markets.
- Investment Focus Areas: Mutual funds, ETFs, alternative investments
- Notable Investments: Zoom Video Communications, Moderna, Shopify
What's Next for Lacework?
Lacework stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud security solutions. As businesses continue to migrate to the cloud, the need for robust security measures becomes paramount, positioning Lacework to capitalize on this expanding market.
Future fundraising efforts are likely to be bolstered by the company's proven track record and the vast potential within the cloud security sector. However, challenges such as evolving cyber threats and maintaining a competitive edge in a rapidly changing industry could pose hurdles. Navigating these challenges will be crucial for Lacework's sustained success and market leadership.
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