Fortinet agreed to acquire Lacework, a start-up based in Mountain View, California specializing in security solutions that offer visibility, threat detection, and compliance across multi-cloud environments. Financial terms were not disclosed.
Lacework offers an AI-powered, Cloud Native Application Protection Platform (CNAPP). It features an agent and agentless architecture for data collection, a homegrown data lake, and a code security offering. The company claims nearly 1,000 customers.
Lacework was founded in 2015 and has attracted over $1.9 billion over 6 rounds of funding from various venture capital firms and investors, including Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Google Ventures,Tiger Global Management, Coatue Management, and Dragoneer Investment Group.
Lacework was founded by Vikram Kapoor and Sanjay Kalra. Before co-founding Lacework, Kapoor was the Chief Architect and Principal Engineer at Bromium, a company specializing in endpoint security solutions. Before Lacework, Kalra was the CEO and Co-founder of Vhayu Technologies, a company that provided financial market data analytics solutions. Vhayu Technologies was later acquired by Thomson Reuters. T
he CEO of Lacework is Jay Parikh, who before joining Lacework in 2021, he was the Vice President of Engineering and Infrastructure at Facebook, where he oversaw the company’s global engineering and infrastructure teams.
Fortinet said it intends to integrate Lacework’s CNAPP solution into its existing portfolio, forming one of the most comprehensive, full stack AI-driven cloud security platforms available from a single vendor.
