Lacework

Overview
Activities
News
Next-gen Cybersecurity?
Product stageSegments
Expansion
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Cloud-native application security
?

Lacework is a cloud security company offering solutions for enterprises to protect their cloud and container workloads at scale. These include tools that employ automation and machine learning in order to enable developers to build cloud applications securely, along with tools to monitor multi-cloud environments, detect misconfigurations and threats, and identify behavioral anomalies during runtime. As of November 2021, Lacework recorded more than 3x YoY growth in revenue and a 3.5x YoY increase in the customer base, which includes the likes of LogicMonitor, Hypergiant, and Sprinklr. Lacework employed over 1,000 staff as of March 2022, five times its headcount in January 2021. The company was however forced to lay off 20% of its headcount in May 2022 in a bid to improve its liquidity position amid uncertain economic conditions.

Lacework announced its first-ever acquisition—the cloud-native security startup Soluble, in November 2021. Soluble provides automated testing and policy management to detect and remediate cloud misconfigurations and policy violations at the source code. Lacework will integrate Soluble’s technology into its automated cloud security platform to expand into IaC remediation capabilities, which will enable Lacework to enhance existing workflows and protect software development lifecycles—at build, runtime, and the source code level. The company also launched new developer-focused features in its platform—vulnerability scanner, admission controller, risk-based scoring, extended Berkeley Packet Filter (eBPF) support—to detect and remediate container vulnerabilities in the development process.

Key customers and partnerships

Lacework partnered with Google Cloud in February 2022, to launch its new patented Polygraph Data Platform in Google Cloud Marketplace to strengthen multi-cloud capabilities for joint customers, including a commitment to partner on integrations with Google Cloud Security Command Center (SCC) and jointly develop features in the future. The Lacework Polygraph Data Platform delivers automated visibility and threat detection across multi-cloud environments from build time through runtime without requiring manual oversight from security teams. Following this, Lacework also announced an undisclosed investment from Google Ventures (GV).

Lacework partnered with Amazon Web Services (AWS) in June 2023 to incorporate its composite alerts into Amazon’s GuardDuty threat detection service, providing AWS users with enhanced threat alerts and context for investigation.

Funding and financials

In November 2021, the company raised USD 1.3 billion in Series D funding at a valuation of USD 8.3 billion, co-led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management. The company will utilize the funds to fuel product development; pursue strategic acquisitions; accelerate go-to-market efforts; hire additional staff; and expand its global presence. Along with the funding round, the company also announced plans to go public via an IPO or a direct listing in the future.

HQ location:
391 San Antonio Road Mountain View CA USA
Founded year:
2015
Employees:
1,001-5,000
IPO status:
Private
Total funding:
USD 1.9 bn
Last Funding:
-
Last valuation:
USD 8.3 bn (Nov 2021)
Key competitors
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Lacework
CrowdStrike
Snyk
Aqua Security
Armor
Product overview
Segment
Cloud-native application security
Endpoint security
Managed detection and response (MDR)
Detection and response tools
Cloud-native application security
Cloud-native application security
Cloud-native application security
Cloud network security
Cloud-native application security
Endpoint security
Managed detection and response (MDR)
Product stage
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Differentiator
Counts one of its key customers, Snowflake as an investor
Leverages the Charlotte AI GenAI solution to accelerate response
Proactively responds to incidents without internal team involvement
Combines with CrowdStrike's next-gen SIEM to assist in investigations and remediation
Claims to be the industry's only complete solution covering code to cloud
Its cybersecurity products are targeted towards application developers and not cybersecurity teams
Its security's platform can extend to a company's entire application stack; ranging from cloud networks,VMs, containers, and serverless environments
Includes the Armor response team to help protect infrastructure, along with cyber insurance for breaches, enables data compliance with international standards
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ML/AI-powered detection
Product/service
Platform to secure cloud-native and container applications
Endpoint protection platform
Managed detection and response service
Cloud detection and response (CDR) platform
Cloud-native application protection platform (CNAPP)
Platform to secure cloud-native and container applications
Platform to secure cloud-native and container applications
Secure cloud infrastructure solution
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Managed detection and response service
Business/revenue model
Subscription-based
Subscription-based: SaaS
Subscription-based: SaaS
Subscription-based: SaaS
Subscription-based: SaaS
Subscription-based
Subscription-based
Subscription-based: SaaS
Subscription-based: SaaS
Subscription-based: SaaS
Subscription-based: SaaS
Operational presence
Global
Global
Global
Global
Global
Global
Global
Global
Global
Global
Global
Focus market
Global
Global
Global
Global
Global
Global
Global
Global
Global
Global
Global
Target audience
B2B
B2B
B2B
B2B
B2B
B2B
B2B
B2B
B2B
B2B
B2B
Metrics
Threat detection approach
Machine learning solutiosn to to monitor multi-cloud environments, detect misconfigurations and threats, and identify behavioral anomalies during runtime.
Leverages AI for endpoint detection and response
Combines AI with expert human in the loop analysts for enhanced workflows and detection
Proactive threat monitoring and disruption using AI
Integrates CWP, CSPM, CIEM, CDR, and ASPM for deep visibility
An open-source vulnerability database curated by a combination of Snyk's security team and machine learning
Aqua Dynamic Threat Analysis (DTA); detected using dynamic analysis of a running container
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ML/AI-powered detection
Number of enterprise customers
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2,000+ (August 2024)
2,300+ (December 2022)
1,500+ (December 2021)
1,200 (September 2021)
~400 (March 2021)
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400+ (September 2024)
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Key clients
VMWare, Snowflake, Nerdwallet, and AdRoll
University Health Network, Toronto (September 2024)
Jemena (September 2024)
Mercury Financial (September 2024)
Target (September 2024)
Asurion, Google, Intuit, MongoDB, New Relic, Revolut, Salesforce
Blackberry, AVIVA, PayPal, Microsoft, Telstra
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Focus industries
Technology
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Technology, financial services, and media
Finance, energy, telecom, and automotives
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Notable acquisitions (amount/date)
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Flow Security (USD 60 million–80 million/January 2024)
Bionic (USD 350 million/September 2023)
Enso (June 2023)
Fugue (Feb 2022)
CloudSkiff (Oct 2021)
Argon (undisclosed/Dec 2021),

tfsec (undisclosed/Jul 2021),

CloudSploit (undisclosed/Nov 2019)
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Other Useful facts
Recorded over 300% YoY growth in revenue during 2020

Quintupled its employee headcount from 200 in January 2021 to over 1,000 as of March 2022
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Claims to reduce mean time to respond by 75%
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Recorded 154% YoY growth in ARR (September 2021)

Customer base grew by more than 100% and employee headcount tripled to 1,300 (June 2022)
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Also offers an MDR solution specifically for Microsoft services
Company profile
Total funding
USD 1899.0 million
USD 1235.6 million
USD 1195.5 million
USD 325.0 million
USD 149.1 million
Avg. time between funding rounds
407 days
437 days
196 days
376 days
316 days
Total revenue
-
FY2022: USD 1.45 billion
FY2021: USD 874.4 million
FY2020: USD 481.4 million
FY2019: USD 249.8 million
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Website
Year founded
2015
2011
2015
2015
2009
HQ
Mountain View, CA
Sunnyvale, CA
Boston, MA
Ramat Gan
Richardson, TX

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