Lacework, last valued at $8.3B, is in talks to sell for just $150M to $200M, say sources

Reports indicate that cloud security company Wiz is in talks to acquire Lacework for $150–$200 million—far below Lacework’s prior $8.3 billion valuation—highlighting ongoing consolidation in the security market; the firms have a signed letter of intent but no finalized deal. Wiz, valued around $10 billion and aiming for $1 billion ARR before an IPO (with $350 million ARR reported in Feb 2024), recently acquired Gem Security for $350 million, while Lacework reportedly has about $100 million ARR and has raised $1.8 billion from investors including Snowflake Ventures, GV, General Catalyst, and Tiger Global.