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About Lacework
Industries
Cybersecurity
Company Size
201-500
Company Stage
Series D
Total Funding
$1.8B
Headquarters
San Jose, California
Founded
2015
Overview
Lacework provides a cloud security platform that offers continuous protection for various cloud environments, including workloads, containers, and Kubernetes. The platform works by integrating with existing cloud infrastructures to perform automated assessments, identify vulnerabilities, and ensure compliance with regulatory standards. Clients subscribe to Lacework's services, which include features like Cloud Security Posture Management (CSPM) and infrastructure entitlement management. What sets Lacework apart from its competitors is its focus on delivering data-driven insights and automating security processes, allowing organizations to manage risks effectively while fostering innovation. The company's goal is to help clients quickly address threats and maintain compliance, transforming security into a facilitator of growth.
Simplify's Take
What believers are saying
- Fortinet Korea's acquisition enhances Lacework's resources and integration opportunities.
- Continuous Threat Exposure Management offers real-time threat detection, improving security posture.
- Recognition in Gartner's 2024 CNAPP guide boosts Lacework's credibility and client appeal.
What critics are saying
- Fortinet Korea acquisition may cause integration challenges, disrupting operations.
- Economic uncertainty could reduce spending on Lacework's services, impacting revenue.
- Collapse of Wiz-Lacework deal suggests potential internal issues affecting market position.
What makes Lacework unique
- Lacework offers automated threat defense for cloud workloads, enhancing security efficiency.
- The platform provides continuous monitoring of cloud components, ensuring comprehensive protection.
- Lacework integrates seamlessly with existing cloud environments, simplifying security management.
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Funding
Total Funding
$1839.4M
Above
Industry Average
Funded Over
3 Rounds
Tiger Global
Coatue Management
General CatalystIndustry standards
Benefits
Competitive medical, dental, and vision plans
Employer contribution to health savings account (HSA)
Flexible vacation time
Parental leave for birthing and non-birthing parents
401(k) for eligible employees & competitive global retirement plans
Life insurance for eligible employees
Flexible health and mental wellness stipend
Home internet & cell phone stipend
Commuter benefits
Growth & Insights and Company News
6 month growth
â -7%1 year growth
â 10%2 year growth
â 13%Title: "Fortinet Korea Completes Acquisition of Lacework" Content: Fortinet Korea announced the completion of its acquisition of cloud security and CNAPP specialist Lacework as of August 1, 2024. Fortinet's CEO Ken Xie stated that this acquisition aligns with Fortinet's vision to provide consistent security across on-premises and cloud environments. The integration of Lacework's cloud-native platform with Fortinet Security Fabric will create a comprehensive AI-based cloud security platform. Lacework was recognized as a representative vendor in the 2024 Gartner Market Guide for CNAPP.
Headlined by continuous threat exposure management, the capabilities give customers access to continuously updated resource configuration dataMOUNTAIN VIEW, Calif., June 11, 2024 /PRNewswire/ -- Lacework , the data-driven security company, today announced a range of visibility updates to its platform headlined by Continuous Threat Exposure Management (CTEM). The company unveiled its newest features at AWS re:Inforce, further cementing its role as a pioneer in CTEM and next-generation code security. These advancements provide customers with continuous visibility, real-time threat detection, and streamlined vulnerability management for cloud-native applications.Continuous Threat Exposure Management (CTEM)The Lacework platform's CTEM functionality offers continuous visibility into cloud resources, delivering event-driven architecture. This cutting-edge technology allows security teams to detect and manage risks in real time, reducing the mean time to remediate and enhancing overall security posture.Empowering teams to innovate safely with CTEM"When it comes to cloud security, our vision centers around platformânot pointâsolutions. Lacework is committed to empowering organizations to innovate rapidly while maintaining the highest standards of security," said Adam Leftik, Lacework Vice President of Product. "Our CTEM and enhanced code security features are designed to complement each other and provide a holistic view of security threats, enabling teams to respond with speed and precision."Enhanced Code Security FeaturesThe updated Lacework Code Security solution includes several innovative features designed to ensure comprehensive security throughout the application lifecycle:Smart Fix: Integrated with the Software Composition Analysis (SCA) tools from Lacework, Smart Fix for third-party software streamlines remediation by automatically determining the optimal upgrade path for vulnerable dependencies at the package level
Terms of Fortinetâs acquisition deal for Lacework, which had once been valued at $8.3 billion, werenât disclosed.
Wiz's planned acquisition of Lacework, initially valued at nearly âŹ8 billion, has been canceled during the due diligence stage. The deal, potentially worth between âŹ140 million and âŹ190 million, fell through for undisclosed reasons. This follows Wiz's recent acquisition of Gem Security. Despite little overlap in services, both companies focus on cloud security. About half of such deals typically fail at this stage.
MOUNTAIN VIEW, Calif., Feb. 22, 2024 /PRNewswire/ -- Lacework , the data-driven cloud security company, today announced the winners of its 2023 Partner of the Year Awards at the company's Partner Kickoff event. The first-ever annual awards recognize top-performing partners, specifically those with demonstrated ability to deliver exceptional customer value and accelerate the growth of cloud security programs powered by the Lacework platform.As the threat landscape continues to evolve and accelerate, partners are benefiting from the Lacework platform's unified approach to cloud security, informing risk mitigation with threat insights and informing threat management with risk insights. Lacework partners are able to give their clients the confidence to innovate rapidly in the cloud knowing Lacework is their safety net."We're excited to celebrate all of our partners this week as we kick off the new fiscal year hyper-focused on how we can work together to deliver better outcomes for our customers throughout their code to cloud security journey," said Brian Lanigan, Vice President of Worldwide Partnerships at Lacework. "At Lacework we identify partners whose practices align with our values and who can add the most value for our joint prospects and customers. We will continue to invest in those partnerships this year to build out a high-efficacy pipeline that will grow each of their Lacework practices."The Lacework 2023 Partner of the Year Awards are comprised of four award types:Channel and MSP Partner of the Year : awarded to the partners who generated the most sourced revenue from new logo, upsell and renewal opportunities: awarded to the partners who generated the most sourced revenue from new logo, upsell and renewal opportunities Channel Contender of the Year : awarded to the partners who sourced the most qualified opportunities: awarded to the partners who sourced the most qualified opportunities Delivery Partner of the Year: awarded to the partners who successfully completed the most Lacework deployments with a high level of quality and customer satisfactionawarded to the partners who successfully completed the most Lacework deployments with a high level of quality and customer satisfaction Cloud Service Provider (CSP) Partner of the Year: awarded to the partner who most actively co-built, co-marketed and co-sold with LaceworkBased on the criteria above, the winners of the Lacework 2023 Partner Awards are:Channel Partner of the Year, Americas - Trace 3 LLCTrace 3 LLC Channel Partner of the Year, International - Alice&Bob.Company GmbH- Alice&Bob.Company GmbH MSP Partner of the Year, Americas - eSentire Inc.eSentire Inc
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About Lacework
Industries
Cybersecurity
Company Size
201-500
Company Stage
Series D
Total Funding
$1.8B
Headquarters
San Jose, California
Founded
2015
Lacework is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today