Lacework’s $1.3 Billion Series D Financing Round

Cooley advised Lacework on the deal.

Lacework, a data-driven security platform for the cloud, announced its $1.3 billion Series D financing round, which brings its valuation to $8.3 billion.

Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners and Tiger Global Management led the round, with participation from new investors Durable Capital, Franklin Templeton, General Catalyst, XN and Morgan Stanley’s Counterpoint Global, as well as existing investors Coatue, Dragoneer, Liberty Global Ventures and Snowflake Ventures.

Lacework will use the new capital to extend its lead in the cloud security market by pursuing additional strategic acquisitions and fueling product innovation that expands its total addressable market. The company will also scale go-to-market strategies, and grow its workforce and the company’s presence globally to better serve customers.

Founded in 2015, Lacework offers a cloud security platform that’s powered by Polygraph to automate cloud security at scale, so customers can innovate with speed and safety. Only Lacework can collect, analyze and accurately correlate data across an organization’s Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP) and Kubernetes environments, and narrow down the data to the handful of security events that matter. Customers all over the globe depend on the platform to drive revenue, bring products to market quickly and safely, and consolidate point security solutions into a single platform.

The Cooley team was led by Mark Tanoury (Picture) and Lauren Creel. Additional assistance was provided by Nikita Appaswami, Allison Peth, Jeramie J. Perez, John Sellers, Sharon Connaughton and Sarah Oliai.

Involved fees earner: Nikita Appaswami – Cooley LLP; Sharon Connaughton – Cooley LLP; Lauren Creel – Cooley LLP; Sarah Oliai – Cooley LLP; Allison Peth – Cooley LLP; John Sellers – Cooley LLP; Mark Tanoury – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Lacework;

Martina Bellini

Author: Martina Bellini