Laceworks reels in $24m to automate cloud security

Laceworks, a startup looking to bring automation, speed and scale to cloud security, has raised $24m in fresh funding.

The company’s Series B round was led by Sutter Hill Ventures, with participation from Liberty Global Ventures, Spike Ventures and the Web Investment Network (WIN), and AME Cloud Ventures. It brings Lacework’s total funding to date to $32.7m.

“Lacework’s platform is helping enterprises like Liberty Global offer better service to its customers by enabling a secure cloud platform,” said Ankur Prakash, Vice President at Liberty Global Ventures. “Our investment acknowledges Lacework’s success in reducing speed and scale constraints facing business when dealing with issues around cloud security.”

Based in Mountain View, California, Lacework claims to be the industry’s first solution to bring automation, speed, and scale to cloud security enabling enterprises to safely innovate fast in the cloud.

Cloud Security Platform uses machine learning to analyse the billions of events generated by modern clouds, baseline the normal behaviour of each cloud deployment, and automate the detection and scoring of risks across the cloud’s multiple attack surfaces.

The result is continuous, end-to-end and more effective security for cloud environments according to the company. The platform enables security teams to minimise security risks, detect threats and close compliance gaps without slowing down the pace of innovation.

“Public clouds have become the de-facto platforms where businesses innovate at speed. Our vision at Lacework is to become the de-facto security platform that enables these organisations to build cloud services fast and remain safe,” said Stefan Dyckerhoff, President and CEO, Lacework.

“Fast-growth companies with large footprints in public clouds have achieved continuous compliance and end-to-end security across highly dynamic development and production environments. It’s time to combine automation, machine learning and analytics with human expertise to deliver security at scale.”

Copyright © 2018 RegTech Analyst

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