Fortinet ($FTNT) has announced its acquisition of cloud security firm Lacework on June 10, 2024, a significant move in the cybersecurity industry. The acquisition will enhance Fortinet's cybersecurity platform with AI-powered solutions. Lacework, known for its AI-powered Cloud-Native Application Protection Platform (CNAPP), has previously raised $1.8 billion and was valued at $8.3 billion in 2021. This consolidation is expected to expand Fortinet's cloud security portfolio and integrate advanced AI capabilities into its offerings.