Wiz acquisition

Google said to acquire cybersecurity startup Wiz for $23 billions, marking its biggest acquisition ever.

Wiz was founded in 2020 by the ex-Microsoft Azure security team (Assaf Rappaport, Ami Luttwak, Yinon C. & Roy R.) They had previously sold their business Adallom to Microsoft for $320Mn in 2015 after which they joined. 

After seeing first-hand the difficulty large companies faced to manage cloud security threats, co-founders raised $100Mn to start Wiz "to secure everything you Build and Run in the Cloud."

💰Wiz Funding timeline: 

• Series A (2020) - $100Mn (led by Index, Sequoia, Cyberstarts)
• Series B (2021)- $130Mn @ $1.7Bn valuation (led by Advent International) 
• Series B extension (2021) - $120Mn (led by Salesforce / Blackstone) 
• Series C (2021) - $250Mn @ $6Bn valuation (led by Insight & Greenoaks)
• Series D (2023) - $300Mn @ $10Bn valuation (led by Lightspeed, Greenoaks, Index)
• Series E (2024) - $1Bn @ $12Bn valuation (led by A16Z, Lightspeed & Thrive Capital) 

If this deal goes through, at $23 billions, it will be nearly double Google’s previous largest acquisition (of Motorola in 2011 for $12.5 billions)