Rafay Systems announced the general availability of its turnkey, SaaS-based offering designed to confront a complex set of ongoing challenges enterprises and service providers face when modernizing their applications.
Lacework is receiving $42 million from Sutter Hill Ventures and Liberty Global Ventures, and has hired cloud security veteran, Andy Byron, as President to run all go-to-market functions.
Additionally, the company has added two new board members, Mike Speiser, partner at Sutter Hill Ventures, and John McMahon, cloud industry veteran and current Snowflake board member.
With the addition of new forward-thinking customers like HashiCorp, Iterable and AdRoll, Lacework is making significant progress in helping major brands get visibility and understanding into the vulnerabilities from DevOps to workload run-time operations. The new funding and leadership changes will support product innovation and go-to-market activities to help educate security, compliance, and DevOps teams that want a way to embed security continuously through build-time to run-time operations.
"Our new funding, new perspectives on the board of directors, and with Andy joining, are all going to be critical for how we build on our solid foundation as a cloud and container security leader," said Dan Hubbard, CEO of Lacework. "Lacework and our growing list of customers agree that there is a need for a new generation of security companies that are purpose-fit to secure today's modern infrastructure."
"We believe cloud infrastructure is a fundamental part of the digital revolution - and so securing it is very critical. Lacework has the best cloud security product and also a world class team to deliver on this promise. We look forward to working closely with them," said Ankur Prakash, Partner at Liberty Global Ventures.