Lacework Raises $525M To Secure The Cloud>
Crunchbase
The new round for the San Jose, California-based company was led by Sutter Hill Ventures and Altimeter Capital, and included participation from D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management.

The company has now raised nearly $600 million since being founded in 2015.

Laceworks plans to use the new proceeds for product development, sales and market and international expansionâespecially into Europe, said CEO Dan Hubbard. The company also plans to more than double its 220-person team by the end of the year.

Competition has dwindled through dealmaking in the space in the last few years, Hubbard said. Palo Alto Networks has bought four companies in the space, which has helped form its cloud security offering Prisma Cloud, he said. Another competitor, Dome9, was bought by Check Point Software Technologies in 2018 for about $175 million.
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