Total amount raised
$1.9 Billion
Latest funding date
2/1/2022
Location
Lacework has successfully raised funds over six rounds, with notable investors including Google Ventures and Franklin Templeton. The latest funding round was a "Venture - Series Unknown" round.
Keep reading to explore the intricacies of Lacework's fundraising journey and the investors backing this innovative cloud security platform.
What Is Lacework?
Lacework is a cloud security services provider that automates cloud security at scale, enabling customers to innovate with speed and safety. The company is headquartered in Mountain View, California, and employs between 1001 and 5000 people.
Operating in the cloud security, compliance, and cyber security industries, Lacework has been acquired by Fortinet. The company remains private and has raised significant funding through multiple rounds.
How Much Funding Has Lacework Raised?
- Series A (2015-05-25)
- Amount Raised: USD 8,000,000
- Date: May 2015
- Lead Investors: Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial cloud security platform.
- Series A (2018-08-28)
- Amount Raised: USD 24,000,000
- Date: August 2018
- Lead Investors: Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series B (2019-09-12)
- Amount Raised: USD 42,000,000
- Date: September 2019
- Lead Investors: Liberty Global Ventures, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their cloud security capabilities and increase market reach.
- Series C (2021-01-07)
- Amount Raised: USD 525,000,000
- Date: January 2021
- Lead Investors: Altimeter Capital, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in advanced security technologies.
- Series D (2021-11-18)
- Amount Raised: USD 1,300,000,000
- Date: November 2021
- Lead Investors: Altimeter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand globally and enhance product development.
- Series Unknown (2022-02-02)
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further innovate and strengthen their market position.
Total Amount Raised: USD 1,899,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures
- Details: Google Ventures is the venture capital investment arm of Alphabet Inc. (Google). It focuses on early-stage technology companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Uber, Nest, Slack.
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization. It offers a wide range of investment solutions and services.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Zoom, Peloton, Moderna.
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm. It invests in both public and private markets.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Snowflake, Roblox, Unity.
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm based in Palo Alto, California. It has been investing in early-stage companies for over 50 years.
- Investment Focus Areas: Technology, healthcare, enterprise software.
- Notable Investments: Pure Storage, NVIDIA, Palo Alto Networks.
- Liberty Global Ventures
- Details: Liberty Global Ventures is the investment arm of Liberty Global, a multinational telecommunications company. It focuses on innovative technology and media companies.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Plume, EdgeConneX, Layer3 TV.
What's Next for Lacework?
As Lacework continues to innovate in the cloud security space, the opportunities for growth are immense. The increasing reliance on cloud services across industries presents a significant market for Lacework's advanced security solutions. This expanding market could lead to further fundraising opportunities, enabling the company to scale its operations and enhance its product offerings.
However, with growth comes challenges. The competitive landscape of cloud security is fierce, and staying ahead requires continuous innovation and adaptation to emerging threats. Lacework must navigate these challenges while maintaining its commitment to providing top-tier security solutions. The future looks promising, but the path forward will require strategic planning and execution.
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