Liberty Global Ventures, the corporate venturing subsidiary of telecoms firm Liberty Global, backed a $24m series B round for US-based cybersecurity company Lacework yesterday.
Sutter Hill Ventures led the round and was also joined by Spike Ventures, Webb Investment Network and AME Cloud Ventures.
Lacework has developed a platform that relies on machine learning to automatically detect potential threats in the public cloud. It will use the latest cash injection to boost its sales and marketing efforts.
The company has raised $32.7m to date, according to its latest press release, though details about its earlier funding rounds could not be ascertained.
Ankur Prakash, vice-president of Liberty Global Ventures, said: “Lacework’s platform is helping enterprises like Liberty Global offer better service to its customers by enabling a secure cloud platform.
“Our investment acknowledges Lacework’s success in reducing speed and scale constraints facing business when dealing with issues around cloud security.”