Lacework's $525M Series D Financing

Lacework's $525M Series D Financing

1/18/2021

Lacework's $525M Series D Financing

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised Altimeter, D1, Coatue and Dragoneer on the deal.

Lacework, a security and compliance for the cloud generation, has hit a $1bn valuation after the close of a $525m funding round.

The capital injection was led by Sutter Hill Ventures and Altimeter Capital. Additional support came from D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management.

This investment comes after Lacework sees rapid adoption of its Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and Kubernetes services. Lacework claims to have had more than 300% in revenue growth during 2020.

With the fresh equity, the company is looking to increase its go-to-market and partner ecosystem operations, as well as grow its engineering and R&D teams across the US and Europe. Funds will also help it deliver additional integrations across the devops toolchain and into security data lake initiatives.

The Gunderson deal team was led by Greg Volkmar (Picture) and Ryan Purcell and included Mark Oblad, Janice Lee, Madeleine Vella and Alexandra Guttman.

 

Law Firms

Clients

Altimeter Capital Management
Coatue Management, L.L.C.
D1 Capital Partners
Dragoneer Investment Group
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