Cooley-Led Cloud Security Co. Lacework Hits $8.3B Valuation

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By Emma Whitford (November 18, 2021, 2:40 PM EST) — Cooley LLP-advised cloud security company Lacework said Thursday that it has hit an $8.3 billion valuation in a $1.3 billion fundraising round co-led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management.

California-based Lacework said new funds will help the company continue to scale up rapidly, following triple year-over-year revenue growth and more than triple growth in new customers and hires. New investors in the Series D include Morgan Stanley’s Counterpoint Global, Durable Capital, Franklin Templeton, General Catalyst and XN.

The investment “will help us realize Lacework’s promise of becoming the most trusted cloud security platform,” Lacework…

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