Cloud security company Lacework raises $42m in funding round

Lacework, a cloud security platform, has raised $42m in funding round Sutter Hill Ventures and Liberty Global Ventures.

In conjunction with the round close, Sutter Hill Ventures partner Mike Speiser, and cloud industry veteran John McMahon will join the board of directors.

The company has also hired Andy Byron as its new president, to lead the sales and marketing teams in acquisitions of new customers and enhancing the company brand. Byron joins the company from endpoint security company Cybereason where he served as the chief revenue officer.

With the capital injection, the company will look to further its product innovation and go-to-market activities.

Lacework offers a full security platform for the entire IT infrastructure from DevOps and orchestration environments to cloud and hybrid workloads. The technology has been built to self-adapt to the cloud’s changing configurations and provide visibility and intrusion detection that helps enterprises keep their data and resources safe.

Clients can use Lacework to get visibility into all their cloud accounts workloads and microservices, detect and resolve anomalous changes in behaviour across workloads, identify threats which are targeting the cloud servers, and adhere to compliance requirements such as SO2 2.

Byron said, “This is a unique opportunity, and I’m honoured to have the chance to be part of Lacework and its new generation security platform.

“We are building a first-class sales and marketing team to bring our message of cloud and container security, from DevOps to runtime, to buyers who are hungry for a complete platform solution. Customers clearly don’t want to be stuck with last generation vendors who are attempting to cobble together a variety of solutions. Lacework is delivering the right solution for these customers who want to move fast, be agile, and still be secure.”


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