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From $8.3B to $200M: Why Lacework Is Examining a Sale to Wiz

Wiz is in advanced negotiations to buy Lacework for between $150 million and $200 million. The companies recently signed a letter of intent and are now in the midst of a comprehensive due diligence process, after which a decision will be made on whether the acquisition will go through.
United States David Hatfield Ajay Parikh Andy Byron Exitsmichael Novinson Michaelnovinson Information Security Media Group

Startups Weekly: Is the wind going out of the AI sails?

Welcome to Startups WeeklySign up here to get it in your inbox every Friday. The report highlights a notable decrease in both private and corporate investments in the AI sector for the second consecutive year, with overall investments dropping by 20% in 2023 compared to the previous year, Kyle reports. Despite this general downturn, certain segments like generative AI continue to attract significant funding, indicating a selective yet substantial interest in specific AI applications.
Eric Glyman Karim Atiyeh Parker Conrad Brian Norgard Akamai Technologies Sequoia Capital
Source: yahoo.com

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