Lacework Inc. raised $525 million to expand its cloud security business in a funding round valuing it at more than $1 billion. The investment in the San Jose, California-based startup was led by Sutter Hill Ventures and Altimeter Capital. Other investors included Coatue Management, D1 Capital Partners, Dragoneer Investment Group, Tiger Global Management and Snowflake Ventures.
Lacework provides security for cloud-based systems, helping detect threats to businesses that use Amazon Web Services, Microsoft Azure, Google Cloud Platform or Kubernetes. The company works with technology businesses such as Pure Storage Inc., Veeva Systems Inc. and Brightcove Inc.
To read the entire article, please click on https://www.datacenterknowledge.com/startups/cloud-security-firm-lacework-raises-525-million-vc-round