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LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.
Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London
Wiz co-founder discusses the company's expansion into the UK
  + stars: | 2024-10-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz co-founder discusses the company's expansion into the UKRoy Reznik, co-founder and vice president of research and development at cybersecurity firm Wiz, discusses the company's new office in London and broader expansion in the U.K. market.
Persons: Roy Reznik Locations: London, U.K
New York CNN —Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said. Google Cloud is central to the company’s efforts to diversity revenue beyond its core search advertising business. Notable customers include BMW, Slack and Salesforce, and it works with major cloud companies including Amazon, Microsoft and Google.
Persons: Wiz, Dan Ives, Biden, Trump, Ives, — Assaf Rappaport, Ami Luttwak, Yinon Costica, Roy Reznik, Slack Organizations: New, New York CNN, Google, CNN, Wiz, Wall Street, Motorola, Microsoft, Wedbush, White, Federal Trade Commission, Big Tech, Israel Defense Forces, Fortune, BMW, Amazon Locations: New York, New York City
Some respondents did not mention names but wrote variants of "hostage families", reflecting the impact of the Forum itself and its "Bring them home now" campaign. Political scientist Tamar Hermann of the IDI said solidarity with the hostage families was blending with broader anti-government sentiment, partly rooted in a huge pre-war protest movement against Netanyahu's plan to overhaul the judiciary. New or existing left-wing parties could be a natural fit for any hostage relatives who did decide to go into politics. Conversely, the hostage families are seen as opponents by some on the right, and especially on the ultra-nationalist far right, which has sway over Netanyahu because it is part of his fragile coalition. Some of Netanyahu's hard-right supporters in politics and media portray the hostage families as leftists abusing public sympathy to further their anti-government agenda, said political scientist Gideon Rahat of the Hebrew University.
Persons: Emily Rose, Estelle Shirbon, pollsters, Benjamin Netanyahu's, Nimrod Nir, Gil Dickmann, Carmel Gat, Jonathan Shamriz, Alon, Israel, Dror, Yonat, Netanyahu, irked Netanyahu, Sunday Israel, Tamar Hermann of, IDI, Tomer Reznik, implacably, Gideon Rahat, Eliyahu Libman, Elyakim, Libman, Mark Heinrich Organizations: Reuters, Truman Research Institute, Hebrew University of Jerusalem, Families Forum, Israel, Hamas, Sunday, Truman Institute, Israel Democracy Institute, IDI, Hebrew University, West Bank Locations: Estelle Shirbon JERUSALEM, LONDON, Gaza, Israel, Qatar, Egypt, United States, Kiryat Arba
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