Author: Jane Edwards|| Date Published: July 15, 2024
Google’s parent company Alphabet (Nasdaq: GOOG) is in advanced discussions to buy New York-based cybersecurity startup Wiz for approximately $23 billion, The Wall Street Journal reported Sunday.
People familiar with the matter told WSJ a deal could come soon.
CEO Assaf Rappaport and his colleagues founded Wiz in 2020 to offer cloud security software.
In May, Wiz announced that it raised $1 billion from Andreessen Horowitz, Lightspeed Venture Partners, Sequoia Capital and other Silicon Valley-based venture capitalists, bringing the startup’s valuation to $12 billion.
Wiz works with cloud companies such as Google, Amazon and Microsoft and has additional offices in the U.S. and Israel. In 2023, the startup generated $350 million in annual recurring revenue.
According to the report, the transaction, if completed, would be the tech conglomerate’s largest acquisition ever and could help strengthen Google’s presence in the cloud computing market.
AeroVironment has tapped Robert “Rob” Smith as executive vice president and chief operating officer. Smith’s appointment, which will become official April 13, underscores…
GreyNoise Intelligence has launched Command and Control Detection, a new intelligence module designed to identify active cyber compromises using outbound…
BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
