Liberty Global s UK Operations Launch Plume Pods
Launch Deepens Liberty Global s Relationship with Plume Following Liberty Global Ventures Investments
Liberty Global s ( Liberty Global ) (NASDAQ: LBTYA, LBTYB and LBTYK) UK business Virgin Media has today announced a new game-changing Intelligent WiFi Plus service that will give millions of customers the UK s fastest widely available broadband speeds throughout their homes, at a time when fast, safe, secure and highly reliable WiFi has never been more important.
The Intelligent WiFi Plus service consists of new features on Virgin Media s Hub 3 and Hub 4 routers as well as Intelligent WiFi Pods which make use of Plume s innovative cloud management platform. Liberty Global has invested in Plume since 2014 through its investment arm Liberty Global Ventures. Bundling high-value Smart Home Services including AI-powered cybersecurity, advanced guest access and parental controls with the best possible WiFi, Plume provides customers
Press release content from Business Wire. The AP news staff was not involved in its creation.
Lacework Closes a $525 Million Growth Round to Scale Up Infrastructure Security for the Cloud Generation
January 7, 2021 GMT
SAN JOSE, Calif. (BUSINESS WIRE) Jan 7, 2021
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.
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Lacework, a cloud-based cybersecurity startup that previously raised a total of $74.4 million, has raised a $525 million growth round.
The company makes cybersecurity and compliance tools that help enterprises to build computer software applications in the cloud.
Sutter Hill, a venture capital firm that backed Snowflake, led the half-billion-dollar round. Sutter Hill investor Mike Speiser said in a statement that Lacework is like Snowflake at a similar point in its evolution.
The Silicon Valley startup says it has tripled revenue in each of the past two years, but would not divulge revenue or IPO plans. It did say that its valuation is now in excess of $1 billion.
Lacework lands $525M investment as revenue grows 300%
As the pandemic took hold in 2020, companies accelerated their move to cloud services. Lacework, the cloud security startup, was in the right place at the right time as customers looked for ways to secure their cloud native workloads. The company reported that revenue grew 300% year over year for the second straight year.
It was rewarded for that kind of performance with a $525 million Series D today. It did not share an exact valuation, only saying that it exceeded $1 billion, which you would expect on such a hefty investment. Sutter Hill and Altimeter Capital led the round with help from D1 Capital Management, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management. The company has now raised close to $600 million.