Wiz Just Said “No Thanks” to Google’s $23 Bn Offer! Bold move?

Hey everyone, big news in the tech world:

Wiz a Cyber-security firm.

They rejected Google’s $23B acquisition offer.

The offer was nearly DOUBLE Wiz’s last valuation of $12 billion.

Here’s the beautiful thing 👇

CEO Assaf Rappaport sent an Email to 1,200 employees,

“𝗦𝗮𝘆𝗶𝗻𝗴 𝗡𝗢 𝘁𝗼 𝘀𝘂𝗰𝗵 𝗵𝘂𝗺𝗯𝗹𝗶𝗻𝗴 𝗼𝗳𝗳𝗲𝗿𝘀 𝗶𝘀 𝘁𝗼𝘂𝗴𝗵, 𝗯𝘂𝘁 𝘄𝗶𝘁𝗵 𝗼𝘂𝗿 𝗲𝘅𝗰𝗲𝗽𝘁𝗶𝗼𝗻𝗮𝗹 𝘁𝗲𝗮𝗺, 𝗜 𝗳𝗲𝗲𝗹 𝗰𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝘁 𝗶𝗻 𝗺𝗮𝗸𝗶𝗻𝗴 𝘁𝗵𝗮𝘁 𝗰𝗵𝗼𝗶𝗰𝗲.”

🙋 Also Fun fact:

Wiz was founded in 2020 by ex-Israeli military officers. 

Each co-founder reportedly owns 9% of the company. 

Big-name investors backing like Index Ventures, Sequoia Capital, and Thrive Capital.

🎯 Their next milestones are $1 billion in ARR and an IPO.

Thanks for reading.