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Lacework Raises New Funds to Extend Cloud Security Capabilities

August 28, 2018 / Sean Michael Kerner

Lacework announced on Aug. 28 that it has raised $24 million in new funding to expand its cloud security efforts.The Series B funding round was led by Sutter Hill Ventures and brings total funding to date for Lacework to $32.7 million. Lacework's core product platform, Polygraph, helps organizations detect potential threats."We are grateful to be servicing 30 customers with very minimal sales and marketing investment in a short amount of time," Stefan Dyckerhoff, Lacework's CEO, told eWEEK. "This funding will be used to greatly increase our market reach and continue to develop our cloud security platform." Lacework was founded in January 2015 and came out of stealth in April 2017, with the goal of improving cloud security visibility. Dyckerhoff became CEO of Lacework in November 2017 and is no stranger to the security business, having previously led Skyport, which Cisco acquired on Jan. 24. Dyckerhoff is also a managing partner at Sutter Hill Ventures and si...