According to sources, Lacework, which was last valued at $8.3 billion, is negotiating a sale for $150-200 million. ➿➿➿➿➿➿➿➿➿➿➿ Lacework, a cloud security startup, is in talks to acquire Wiz for $150-200 million. 💰 ➡️The two companies have already signed a letter of intent, but the deal is not yet finalized. Competition between Lacework and Wiz is relatively low, and the deal may be based on technologies, talent, and customer acquisition. Wiz is actively engaged in discussions about mergers and acquisitions to expand its technological capabilities and business. Wiz CEO Assaf Rappaport aims to achieve annual revenue of $1 billion before an IPO. Wiz is considering aggressive actions to reach its goal. ➡️Lacework has raised over $1.8 billion from investors, including Snowflake Ventures, GV, General Catalyst, and Tiger Global. ➡️Wiz acquired Gem Security for $350 million and continues the mergers and acquisitions process. #venturecapital #venture #investments