Cloud Security Firm Lacework Raises $525 Million in VC Round

  • New investment values startup at more than $1 billion
  • Sutter Hill Ventures, Altimeter Capital led funding round
Photographer: Chris Ratcliffe/Bloomberg
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Lacework Inc. raised $525 million to expand its cloud security business in a funding round valuing it at more than $1 billion.

The investment in the San Jose, California-based startup was led by Sutter Hill Ventures and Altimeter Capital. Other investors included Coatue Management, D1 Capital Partners, Dragoneer Investment Group, Tiger Global Management and Snowflake Ventures.