Funding Alert
Lacework raises $8.3B in funding round
-
ByKhushi Ko | November 19, 2021
Lacework recently raised $8.3 billion in a round of funding led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management. The round also saw participation from Franklin Templeton, Counterpoint Global (Morgan Stanley), Durable Capital, General Catalyst, XN, Coatue, Dragoneer, Liberty Global, and Snowflake Ventures.
The startup plans to utilise the capital raised for product development.
“Kapoor and Kalra founded Lacework with the goal of taking a data-driven approach to cloud security. We view security as a data problem and our platform is uniquely suited to solve that problem,” said Lacework co-CEO Jay Parikh. “Traditional security solutions force companies to amass a patchwork of point solutions and then manually tell them what to watch for, resulting in an inefficient and ineffective security process. At Lacework, we use data to uncover security risks and threats.”
Founded in 2015 by Mike Speiser, Sanjay Kalra, and Vikram Kapoor, the company aims to bridge security gaps across DevOps and cloud environments by identifying threats.
“We are experiencing tremendous growth with no signs of slowing down. Our revenue continues to grow along with our customer base and employee base,” Parikh added. “We plan to use this funding to extend our lead in the cloud security market by fueling product innovation that expands the company’s total addressable market and pursuing additional strategic acquisitions, like the recently announced Soluble transaction … We’ll also scale go-to-market strategies, growing our workforce and presence globally to better serve our customers.”
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
