Lacework, the security company for the cloud, announced a global business expansion into the EMEA region. Building on its innovation lead since launching in 2015, Lacework’s rapid growth is a testament to the company’s approach of tackling security as a data problem through the Lacework Polygraph.
This EMEA expansion comes on the heels of eight straight quarters of sequential revenue growth, Lacework’s best quarter to date in Q1 of this year and $525 million in funding from Sutter Hill Ventures and other top tier investors in January.
The company is making significant investments into building out its EMEA operations, including a European HQ in Dublin, regional offices in the UK, France and Germany, and an AWS data centre in Frankfurt. Alongside strategic sales, marketing and customer success hires in the region, most recently the appointment of Ryan Sheldrake as EMEA Field CTO. The company has also expanded its executive team, including the additions of Mike Staiger as CFO and David Hatfield as CEO, following his successful tenure as the President of Pure Storage, Inc where he led the company through eight years of hyper-growth from inception to more than $1.5 billion in revenue.
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IDC predicts that by 2023 there will be $218 billion in Infrastructure-as-a-Service and Platform-as-a-Service spend, with cloud security estimated at more than $12 billion. Lacework’s security and compliance offerings aim to serve the needs of developers building solutions in the cloud as well as security teams, overcoming the challenges of increasing data volumes and replacing fragmented security solutions with a best of breed, easy-to-use platform. With EMEA currently facing a significant digital skills gap, automated security solutions are perfectly positioned to support overstretched IT and security teams.
Lacework enables organisations to both see and understand cloud changes at scale without requiring manual interventions or rule writing. Its innovative solutions give customers the visibility, context and telemetry needed to quickly assess cloud security postures, prove compliance, secure cloud workloads, and investigate the anomalous activity, all in one place.
Lacework understands and detects threats in cloud applications and infrastructure by applying automation and machine learning to tackle the massive scale of security data processing required to record and analyse constant changes in the cloud. As a result, its customers are able to reduce false positives by up to 98 per cent and investigation times by over 90 per cent. Lacework customers also typically reduce two-to-four point products, simplifying environments and delivering a compelling ROI.
Lacework’s partner ecosystem is critical to its continued success in helping customers implement and manage security in dynamic cloud environments. The company will continue to expand EMEA channel and technology partnerships and recently announced its collaboration with MBA IT, an established IT solutions and services partner that helps service-sector customers navigate the current and emerging technology choices to achieve better business outcomes.
Lacework’s platform is unique among cloud security vendors; it not only protects container workloads but also the cloud infrastructure they sit on, simplifying management by consolidating tools, automating security policy and ultimately giving a compelling ROI regardless of AWS, GCP or Azure.
Lacework has a real edge and we look forward to helping more customers simplify cloud security with them.
