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Wiz

20 stories about Wiz

Wiz eyeing US government contracts after receiving FedRAMP approval

15.08.24|CTech

With FedRAMP certification in hand, Wiz aims to leverage its cloud security platform across federal agencies.

Wiz secures multi-million SoftBank investment to expand in Asian cloud market

07.08.24|Meir Orbach

The Israeli cyber company, which recently rejected a $23 billion offer from Google, plans to double its workforce in Asia by the end of the year after recently recruiting dozens of employees in Japan, Singapore, Australia, and New Zealand, and establishing a new data center in Sydney.

Wiz-Google deal collapse will only benefit Israel’s cyber industry

24.07.24|Meir Orbach

By canceling the deal, Wiz’s founders have paved the way for other Israeli entrepreneurs to feel confident in their path.

From IPO dreams to CrowdStrike’s crisis: Inside the collapse of the Wiz-Google mega deal

23.07.24|Sophie Shulman

The timing of CEO Assaf Rappaport's announcement that Wiz was walking away from the Google deal on the eve of the giant’s earnings report indicates that he was mulling the decision until the very last moment. The fear of becoming history at the age of 40, the blow received by competitor CrowdStrike, the attempt to raise the price, and the desire for a huge IPO were probably among the considerations that tipped the scales.

The $23 billion gamble: Wiz's bold move to stay independent

23.07.24|Meir Orbach

CEO Assaf Rappaport and the other founders did not want to sell Wiz to Google. Reluctantly, they had to participate in the negotiations and show full commitment to the company's investors. However, as the moment of truth approached, they made an unexpected decision: to give up $23 billion in favor of the more challenging option of developing the company in preparation for a giant IPO.

Wiz rejects Google’s $23 billion acquisition offer, eyes IPO instead

23.07.24|Omer Kabir

"Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO. Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice," CEO Assaf Rappaport wrote in an email to employees. The deal was supposed to be the largest acquisition ever by the American search giant and the largest exit of an Israeli company.

מייסד פאלו אלטו ניר צוק ומייסד וויז אסף רפפורט

CrowdStrike's troubles open new doors for Israeli cyber companies

21.07.24|Sophie Shulman

The American company may not have been a household name in Israel or globally until this weekend's outage, but it is highly regarded in the cyber industry and is a major competitor to many Israeli cyber companies.

The Israeli company helping hack the Trump shooter's phone - and Google has eyes on Startup Nation

18.07.24|CTech

Also on our AI-native show: Innovalve acquired for $300 million in cash by Edwards Lifesciences

מימין: מנכ"ל Wiz אסף רפפורט והמשקיע גילי רענן מקרן הסייבר

Napkin contract in gas station: Wiz's journey from Israel's military intelligence to $23B exit

17.07.24|Reuters

Along with universities, Israel's military intelligence and technology units, such as 8200, have provided the leaders for hundreds of tech startups, including Wiz.

Dave DeWalt: "Wiz is at the right place, at the right time, with the right product"

17.07.24|Reuters

The founder of the cyber-focused VC firm NightDragon and former CEO of cyber firm FireEye noted that cloud security is the most important and fastest-growing part of cybersecurity, which is why Google is interested in Wiz's products to defend against ransomware gangs wreaking havoc on large enterprises

From Nir Zuk to Omri Casspi: The unexpected winners of the historic Wiz deal

17.07.24|Sophie Shulman, Meir Orbach

The Palo Alto Networks founder and NBA player turned VC are just two of the surprise winners in the deal. The likes of Shlomo Kramer, Mickey Boodaei, and Marius Nacht are also all set to make a handsome profit through their investment in Gili Raanan’s Cyberstarts fund, which is believed to hold a $900 million stake in Wiz.

Why Google needs Wiz to keep up with Amazon and Microsoft

16.07.24|Meir Orbach

Google does not have a cyber strategy like its cloud competitors, Microsoft and Amazon. It is trying to catch up quickly, but for that it needs Wiz

From IPO dreams to a Google acquisition: Wiz's $23 billion journey

16.07.24|Sophie Shulman

Wiz, once focused on an IPO, ultimately embraced a massive buyout from Google, altering its growth trajectory. The acquisition is a testament to the fluctuating dynamics of the tech sector and investor influence.

Wiz founders to net over $2 billion each in Google deal

15.07.24|CTech

CEO Assaf Rappaport, CTO Ami Luttwak, VP Product Yinon Costica, and VP R&D Roy Reznik are each believed to hold an estimated 10% of the company. With all four being Israel residents, each will have to pay 25% capital tax and an additional 3% surtax, meaning they will be contributing over $600 million each in taxes.

From Waze to Wiz: Google writing new chapter in Israeli tech history

14.07.24|Sophie Shulman

A small step for Google is a giant leap for Wiz and especially for the Israeli tech industry, which has been struggling to preserve its prestige and reputation in what has been the most challenging year and a half it has known.

Wiz acquisition: Google goes all-in on cyber with historic deal

14.07.24|Meir Orbach

Google can transform Wiz through its vast infrastructure into a billion-dollar company in a very short time, making it an equal competitor to giants like Palo Alto Networks, Cisco, and others.

Google in negotiations to acquire Wiz in $23 billion deal

14.07.24|Meir Orbach

According to the Wall Street Journal, Google parent Alphabet is looking to purchase the Israeli cybersecurity company in what would be its largest acquisition ever. Wiz raised $1 billion at a $12 billion valuation earlier this year.

Top 5 Israeli high-tech fundraising rounds in the first half of 2024

25.06.24|CTech

Wiz, Axonius, Island, WEKA, and Silverfort all caught our eyes with their large fundraising announcements this year

מימין אסף רפפורט מ וויז ו אבי שוע מ אורקה

Cyber wars: Wiz denies Orca’s patent claims, strikes back with counterclaims

06.06.24|Meir Orbach

Patent dispute intensifies as Wiz rejects claims that it has infringed on any of Orca's patents, offering a counter-narrative highlighting its own technological advancements and market success

May 2024 in Israeli tech funding: $1.46 billion in 19 deals

02.06.24|CTech

Thanks to the biggest funding round in Israeli tech history courtesy of Wiz, local startups raised over $1 billion for a second straight month