SECURITY
SECURITY
SECURITY
Cloud security firm Lacework raises $42M
Cyberecurity startup Lacework Inc. is looking to grow its business faster after securing $42 million in funding from Sutter Hill Ventures and Liberty Ventures and hiring cloud security veteran Andy Byron as its new president and chief revenue officer.
The Series C round brings Lacework’s total amount raised to date to $74.7 million.
Lacework focuses on cloud infrastructure and software container security. It sells a software-as-a-service platform that works by sifting through the operational data generated by applications in cloud environments for signs of security issues.
It scans data on everything from customers’ applications to the virtual machines, networks and storage repositories that support them. Then, it compares pertinent details against security best practices defined in advance by users. Lacework can thus detect configuration oversights that may potentially pose a risk, such as whether a data repository is accessible without a password.
Lacework also checks each new modification that’s made to cloud environments to ensure they stay compliant with best practices as they change over time. Any potential security gaps identified by its algorithms are displayed in a graphical dashboard that also provides advice on how to close them.
Lacework said it’s hiring Byron, who previously served as CRO at Cybereason Inc., a $100 million endpoint security company, to lead its sales and marketing teams. He’s being tasked with adding new customers and growing its business, the company said. The bulk of the $42 million funds will be used in support of this, with one of the Lacework’s aims being to “educate security, compliance, and DevOps teams that want a way to embed security continuously through build-time to run-time operations.”
Lacework will also use some of the funds to develop new capabilities and features for its 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,” Byron said.
Image: Lacework
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
