# Lacework

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lacework

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.lacework.com
- Total disclosed funding: $1.8B
- Latest round: Series D (Nov 12, 2021)
- Investors on record: 17

## About

Lacework, Inc., based in the US, offers a Cloud-Native Application Protection Platform (CNAPP) that provides comprehensive security solutions for cloud applications, helping organizations manage risks and maintain compliance across various environments.Founded in 2015 in Mountain View, US, Lacework, Inc. specializes in cloud security solutions. The company has received a total of USD 1,203.88 mn in funding, with the most recent Series D round completed on June 10, 2024, involving investors such as Altimeter Capital Management and Tiger Global Management. Founders Nick Hoffman and Vikram Kapoor, who have extensive backgrounds in technology and security, established the firm to address emerging cloud security challenges.Lacework's primary product is its Cloud-Native Application Protection Platform (CNAPP), which offers visibility and context for securing applications from code to cloud environments. The CNAPP combines capabilities in Cloud Infrastructure Entitlement Management (CIEM), Cloud Security Posture Management (CSPM), and Kubernetes Security to tackle complex security issues in cloud-native architectures. The platform features automated risk management, continuous monitoring, and anomaly detection, catering to a diverse clientele including enterprises in finance, healthcare, and technology across North America, Europe, and Asia-Pacific.Lacework generates revenue through subscription-based services centered on its CNAPP. Clients typically engage in multi-year contracts, with pricing structures that vary based on deployment scale and service selection. Revenue is bolstered by professional services, including consulting and implementation support, and is further enhanced through partnerships in the cybersecurity ecosystem.With the recent acquisition by Fortinet, Inc. in June 2024, Lacework aims to accelerate the development of its cloud security platform and integrate with Fortinet's portfolio. The acquisition provides a strategic opportunity for Lacework to expand into new markets and enhance its product offerings.

## Funding rounds

- Series D, Nov 12, 2021, $1.2B — Morgan Stanley Investment Management, General Catalyst Partners, Sutter Hill Ventures, Tiger Global Management, Coatue Management, Altimeter Capital, Liberty Global Ventures, Franklin Templeton, Dragoneer Investment Group, Alumni Ventures Group, D1 Capital Partners, Durable Capital Partners, XN, Snowflake Ventures
- Series C, Dec 18, 2020, $515M — Sutter Hill Ventures, Tiger Global Management, Coatue Management, Altimeter Capital, Liberty Global Ventures, Dragoneer Investment Group, Snowflake Inc., D1 Capital Partners
- Series C, Sep 12, 2019, $7M — Sutter Hill Ventures, Webb Investment Network, AME Cloud Ventures, Liberty Global Ventures, Alumni Ventures Group
- Series B, Oct 23, 2017, $24M — Sutter Hill Ventures, Webb Investment Network, AME Cloud Ventures, Liberty Global Ventures, Alumni Ventures Group
- Series A, May 26, 2015, $5M — Sutter Hill Ventures

## Investors

- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series A, Series B, Series C, Series D
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Series B, Series C
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series B, Series C
- Liberty Global Ventures (https://capitalatlas.ai/funds/liberty-global-ventures) — Series B, Series C, Series D
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B, Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C, Series D
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series C, Series D
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series C, Series D
- Snowflake Inc. — Series C
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series C, Series D
- Morgan Stanley Investment Management — Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series D
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series D
- Durable Capital Partners — Series D
- XN (https://capitalatlas.ai/funds/xn) — Series D
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series D