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Lacework, last valued at $8.3B, is in talks to sell for just $150M to $200M, say sources
Consolidation continues apace in the world of security. Sources tell us that Lacework -- a cloud security startup that was valued at $8.3 billion
Although both work in the wider area of cloud security, sources tell us that there is relatively little competitive overlap between the two companies so it would likely be a technology plus talent plus customer acquisition play. From what we understand, Laceworks’ investors — the longer list includes Snowflake Ventures, GV, General Catalyst, Tiger Global and many more — were shopping the company around to potential buyers, which is how Wiz came into the frame. We are always exploring compelling M&A opportunities that will enhance both our technological capabilities and business expansion, as we strive to build the world’s leading cloud security platform.”
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