Security Startup Wiz in Talks to Acquire Lacework for $200 Million

Cybersecurity startup Wiz is in advanced talks to acquire Lacework, one of its largest private competitors, according to two people with direct knowledge of the talks. The deal values Lacework at between $150 million and $200 million, according to one of the people, a sharp decline from the company’s 2021 valuation of $8.3 billion.

The talks come as small cybersecurity firms offering individual products are facing a tougher competitive environment, as customers shift to bigger companies offering suites of products. The deal isn't done and could still fall apart, however.