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Lacework Closes a $525 Million Growth Round to Scale Up Infrastructure Security for the Cloud Generation

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. ....

United States , Sutter Hill , Brad Woodward , Terence Runge , Mike Speiser , David Christensen , Raj Ramanujam , Dan Hubbard , Jennifer Lankford , Christian Kleinerman , Gartner Inc , Amazon Web Services , Webb Investment Network , Lankford Communications , Dragoneer Investment Group , Sutter Hill Ventures , Altimeter Capital , Liberty Global Ventures , Snowflake Ventures , Tiger Global Management , Microsoft Azure , Google Cloud , Veeva Systems , Cloud Require , Fundamental Shift In Security , Data Processing ,

Lacework lands $525M investment as revenue grows 300% – TechCrunch

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. ....

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