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Wiz is in talks to buy Lacework for $150-200M; security firm was last valued at $8.3B

TechCrunchTechCrunch · 8m
Wiz is in talks to buy Lacework for $150-200M; security firm was last valued at $8.3B

Cloud security startup Lacework is reportedly in talks to be acquired by security company Wiz for a price of around $150-200 million. Although the deal has not been finalized, sources indicate that there is little competitive overlap between the two companies, suggesting that it would be a technology, talent, and customer acquisition play. Wiz aims to reach $1 billion in annual recurring revenue before going public and has been aggressively pursuing acquisitions, with Lacework having an annual recurring revenue of around $100 million. This potential acquisition highlights the consolidation occurring in the security industry and the challenges faced by high-valued startups in maintaining their positions.

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