25. Lacework
Summary
Data-driven cloud security company Lacework, through its regular scans to monitor any unexpected vulnerabilities, got an alert out right away about the threat, informing customers about the scope of the problem and what systems were impacted. Its this safety net and speed of response that helped Lacework achieve three times revenue growth during 2021, and sizeable funding to continue fine-tuning its cybersecurity offering, Polygraph Data Platform. In this expanding market, Lacework competes with companies like publicly traded CrowdStrike and Palo Alto Networks in addition to start-up Snyk, a security vendor using open source code. To continue scaling up, Lacework raised a $525 million Series C investment led by Sutter Hill Ventures and Altimeter Capital in early 2021. The start-up also has been adding to its executive bench, hiring Jay Parikh, former Facebook vice president of engineering, as co-CEO alongside David Hatfield.