Assaf rappaport gay
Wiz co-founder: "We are still at the expansion stage and we will transition to profitability when we decide to do so"
Wiz position two precedents in February of this year. The first was raising $300 million based on a company valuation of $10 billion – far higher than the no-less phenomenal $6 billion valuation given to the Israeli cyber startup in the previous investment curved. At a day when venture capital funds have significantly slowed their investing in companies, and when startups evade raising capital so as not to expose a reduced valuation, Wiz raised a huge amount of money and was close to doubling its value.
The second precedent was its public expression, concurrently with the notice on the capital raising, that the $300 million would not be brought into Israel "because of the judicial coup". This notice was another active step taken by the organization, which positioned itself at the forefront of the activism against the government's moves as soon as the latter began promoting the legislation to adjust the regime in Israel.
"I see it as my duty to our employees to express a stand and sound the alarm in the face of a material threat, and ther
Google recently announced it would acquire Israeli-American cloud security solid Wiz for $32 billion. The price tag–65 times Wiz’s annual revenue–has raised eyebrows and further solidified the shut relationship between Google and the Israeli military.
In its squeeze release, the Silicon Valley giant claimed that the purchase will “vastly refine how security is designed, operated and automated—providing an end-to-end security platform for customers, of all types and sizes, in the AI era.”
Yet it has also raised fears about the security of user statistics, particularly of those who oppose Israeli actions against its neighbors, given Unit 8200’s long history of using tech to spy on opponents, gather intelligence, and use that knowledge for extortion and blackmail.
ISRAEL’S GLOBAL SPY NETWORK
Wiz was established only five years ago, and all four co-founders–Yinon Costica, Assaf Rappaport, Ami Luttwak, and Roy Reznik–were leaders in Israel’s elite military intelligence unit, Unit 8200. Enjoy many Israeli tech companies, Wiz is a direct outgrowth of the military intelligence outfit. A recent study start that almost fifty of its current employees are Unit 8200 veterans.
“That trial s
$1.7 billion Wiz, the fastest-growing cybersecurity startup, brought in a fresh $120 million investment thanks to the world's richest person's VC firm
The world's fastest-growing cybersecurity startup just pulled in funding thanks to the world's wealthiest person.
The cloud cybersecurity company Wiz has picked up additional investment from Aglaé Ventures, the venture firm backed by luxury goods magnate Bernard Arnault.
This month, the Israeli startup closed $120 million in investment from Salesforce, Blackstone, and Algae. The deal is structured as an extension to the $130 million Series B funding round that the company announced in Rally, the company said.
The investment caps off a colossal surge in the startup's value over a very short period of time: Founded in March 2020, Wiz joined the unicorn startup club with the Series B funding spherical announced a year later in March 2021. At that point, three months ago, Wiz said it was valued at $1.7 billion — the firm says the new add-on investment has not changed that valuation.
Wiz gives companies one view of all its cloud servers, "a single pane of glass" in industry parlance. The single view wa
From Waze to Wiz: Google writing new chapter in Israeli tech history
In June 2013, Google wrote a chapter in Israeli economic history when it purchased Waze for $1.1 billion, thereby creating the first domestic unicorn. In retrospect, the purchase was also among the causes of the big tech boom that carried the Israeli high-tech industry, and the economy as a whole, over the last decade. Now, if the transaction for the purchase of Wiz by Google for an astonishing $23 billion goes ahead, a new chapter will be written in the history of Israeli high-tech, precisely during one of its lowest moments.
Beyond the fact that it will be Google's largest acquisition ever, it is also the largest acquisition of an Israeli company, surpassing the record currently held by Mobileye, which was sold to Intel for $15 billion in 2017. Since its inception, Wiz has broken almost every possible record: it became the fastest-growing company in value, reached a sales rate of $100 million the fastest, became the private cyber company with the highest valuation, and is, of course, the Israeli corporation with the highest valuation. In the latest fundraising round, completed just a few months ago, the