Good for Wiz. But bad for everyone else. The megacorps keep using capital to hold onto economic control and power. It’s not great for society. They need to be broken up, heavily taxed, and heavily regulated. As for Wiz - I assume Google will eventually change their product to only support their own cloud or turn it into a privacy nightmare by using data to train Gemini or whatever else. It’s very hard to feel stable building on top of any acquired company, but it is especially that way when it’s Google.
I'm sure the Wiz founding team is foaming at the mouth at the prospect of a big payday.<p>Wiz is one of, if not the, fastest security startup to reach $100m in ARR from date of founding (12 or 13 months IIRC). It's all about 'dat CISO money and old good buddy relationships to get the snowball rolling.<p>I know for a fact GhostSecurity and others have been trying, unsuccessfully, to emulate the success of Wiz. It's a bit of a 1-hit wonder.
I have the impression that if Bitcoin was banned in all major countries, the valuations for cybersecurity companies would be much lower.<p>Bitcoin as a payment method has been instrumental in attracting the brightest minds to build malware and, as a result, has boosted the cybersecurity industry.
Strange acquisition. Sounds like the company is not profitable, and basically the product is a cloud audit type of thing that Cloud vendors already provide anyway. 23 Billion? Really?<p>Plus there is a lawsuit going on...<p>"‘Wholesale copying’: Israel’s Orca Security sues rival Wiz for patent infringement" - <a href="https://www.timesofisrael.com/wholesale-copying-israels-orca-security-sues-rival-wiz-for-patent-infringement/" rel="nofollow">https://www.timesofisrael.com/wholesale-copying-israels-orca...</a><p>"Wiz vs. Orca: Delaware court sets stage for high-stakes IP showdown" - <a href="https://www.calcalistech.com/ctechnews/article/ryjc8dgnr" rel="nofollow">https://www.calcalistech.com/ctechnews/article/ryjc8dgnr</a>
I actually think this might be undervalued, having used Wiz extensively and seen what’s on their roadmap for the next year. The question is if Google will let them continue to be the leading multi-cloud CNAPP platform or if they are going to muck around with it and try to fold it into Chronicle