Lacework raises $525 million to automate cloud security and compliance

Lacework, a four-year-old developer of automated containerized workload defense, intrusion detection, and compliance solutions, today announced that it closed a $525 million funding round valuing the company at over $1 billion. CEO Dan Hubbard said the capital, which comes after a year in which Lacework saw revenue grow 300%, will accelerate Lacework’s product development efforts as it expands go-to-market, partner ecosystem operations, engineering, and R&D teams across the U.S. and Europe.

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