Final acquisition announcement or credible financial news sources

Wiz in Talks to Buy Lacework for $150M-$200M, Far Below $8.3B Valuation

Apr 18, 2024, 05:51 PM

Cybersecurity firm Wiz is reportedly in advanced negotiations to acquire its competitor Lacework for a purchase price ranging between $150 million and $200 million. This proposed acquisition price marks a significant reduction from Lacework's last reported valuation of $8.3 billion in 2021. Lacework, a cloud security startup, had previously raised $1.8 billion in funding, highlighting the dramatic shift in its market valuation.