Mountain View, California-based Lacework is a cloud security company with an emphasis on automation, which has raised $24 million in Series B funding led by Sutter Hill Ventures. Liberty Global Ventures, Spike Ventures and the Web Investment Network (WIN), and AME Cloud Ventures also participated in this round of funding. This means that Lacework has raised a total of $32.7 million. Lacework plans to use the funding for growing their sales and marketing and accelerating security solution deployments.
One of the biggest challenges for organizations that are looking to innovate in the cloud is security. Many of today’s existing network security solutions are not required for handling public cloud computing. But the Lacework Cloud Security Platform is able to minimize security risks and detect threats without slowing down innovation pipelines.
“Public clouds have become the de-facto platforms where businesses innovate at speed. Our vision at Lacework is to become the de-facto security platform that enables these organizations to build cloud services fast and remain safe,” said Lacework President and CEO Stefan Dyckerhoff. “With more than 20 customers in production, Lacework is a proven solution that delivers effective cloud protection at scale and with the speed required for high-velocity public clouds. Fast-growth companies with large footprints in public clouds have achieved continuous compliance and end-to-end security across highly dynamic development and production environments. It’s time to combine automation, machine learning, and analytics with human expertise to deliver security at scale.”
Lacework’s Cloud Security Platform utilizes machine learning to analyze billions of events of events that are generated by modern clouds and automates the detection and scoring of risks across multiple attack surfaces.
