Lacework
Lacework is a cloud-native application protection platform (CNAPP), acquired by Fortinet in August 2024 and now sold as Lacework FortiCNAPP. Founded in 2015 in Mountain View, California and incubated by Sutter Hill Ventures, it applies behavioral analytics to cloud telemetry to deliver cloud security posture management, workload protection, vulnerability and identity entitlement management, code security and cloud detection and response across AWS, Azure, Google Cloud, Oracle Cloud and Kubernetes.
Acquired
Lacework has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
750–1,400
Total Funding
$1.9B
5 rounds
Latest Valuation
$8.3B
Nov 18, 2021
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
1 signalFortinet's completed Lacework acquisition closed at ~$150M (per Fortinet financial disclosure), far below the $8.3B 2021 valuation.
Realized exit price is ~55x below the last primary mark — near-total value destruction for pre-acquisition secondary…
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $1.9B across 5 rounds
Last updated 09-28-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 18, 2021 | Series D Extension Press release | $1.3B | $8.3B | Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners +1 more |
| Jan 2021 | Series D | $525M | $1B | Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners |
| Sep 12, 2019 | Series C Press release | $42M | — | Sutter Hill Ventures, Liberty Global Ventures |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series D
$1B
Jan 2021
Lacework today
$8.3B
Nov 2021 · latest mark
Lacework multiple
8.3x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Prominent Investors
Leadership
Vikram Kapoor
Co-founder, Chief Technology Officer
Mike Speiser
Co-founder, Board Member
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Wiz
Cloud-native security platform providing cloud security posture management and workload protection
Palo Alto Networks (Prisma Cloud)
Comprehensive cloud security and compliance platform
Cloudflare
Cloud security and content delivery platform
CrowdStrike
Cloud-native endpoint protection and threat intelligence platform
Datadog
Cloud monitoring and security analytics platform
Trend Micro
Cloud and workload protection platform
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