Lacework Hits $8.3 Billion Valuation With Series D Round – Corporate/Commercial Law

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Palo Alto – November 24, 2021 – Cooley advised Lacework, a data-driven security platform for the cloud, on its $ 1.3 billion Series D funding, which increases its valuation to $ 8.3 billion. The partners Mark Tanoury and Lauren Creel led the Cooley team, which advises on lacework.

Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners and Tiger Global Management led the round, with the participation of the new investors Durable Capital, Franklin Templeton, General Catalyst, XN and Morgan Stanley’s Counterpoint Global as well as the existing investors Coatue, Dragoneer, Liberty Global Ventures and Snowflake Ventures.

Lacework will use the new capital to expand its leadership position in the cloud security market by seeking additional strategic acquisitions and driving product innovations that expand its overall addressable market. The company will also be scaling its go-to-market strategies and expanding its workforce and global footprint to better serve its customers.

“Our growth over the past 36 months reflects the pain many companies experience trying to navigate the cloud with security products that are simply not designed to navigate the cloud,” said David Hatfield and Jay Parikh, co-CEOs of Lacework, in a message publication. “This investment and the partnership of these long-term investors will help us realize Lacework’s promise of becoming the most trusted cloud security platform.”

Founded in 2015, Lacework offers a cloud security platform, powered by Polygraph, to automate cloud security on a large scale so customers can innovate quickly and securely. Only Lacework can collect, analyze and accurately correlate data in a company’s Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP) and Kubernetes environments and narrow the data down to the few important security events. Customers around the world rely on the platform to increase sales, get products to market quickly and securely, and consolidate point security solutions on a single platform.

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