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Top related persons:
Assaf Rappaport - 2 Thomas Kurian - 2 Sundar Pichai - 1 Wiz - 1 Rappaport - 1 Brendan Burke - 1 It's - 1 Doug Leone - 1
Top related locs:
Stanford , California Sequoia New York
Top related orgs:
Google - 2 Microsoft - 2 Wiz - 2 Alphabet Inc - 1 Government - 1 Society - 1 CNBC - 1 Index Ventures - 1

Search resuls for: "Wiz's"


3 mentions found


☆ Wiz walks away from $23 billion deal with Google, will pursue IPO
  + stars: | 2024-07-23 | by ( Rohan Goswami Jennifer Elias Jordan Novet | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +4 min
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. Alphabet's cloud segment has been under pressure to grow amid competition from frontrunners Microsoft and Amazon, something the Wiz deal would have helped with. The shift benefited Wiz, which can flag security issues for applications and data on the Amazon, Google, Microsoft and Oracle public clouds. In an interview with CNBC's Sara Eisen and Carl Quintanilla at the New York Stock Exchange last year, Eisen asked Rappaport if he wants to take the startup public.
Persons: Sundar Pichai, Wiz, Assaf Rappaport, Rappaport, Thomas Kurian, Brendan Burke, It's, Doug Leone, Covid, Sid Trivedi, CNBC's Sara Eisen, Carl Quintanilla, Eisen Organizations: Alphabet Inc, Government, Society, Google, CNBC, Microsoft, Index Ventures, Insight Partners, Lightspeed Venture Partners, Sequoia, PitchBook, Intuit, Ventures, Sequoia Capital, Wiz's, Wiz, Oracle, Foundation Capital, Motorola, Lenovo, New York Stock Exchange Locations: Stanford , California, Sequoia
☆ Why Google is ready to risk a DC battle to land a potential $23 billion deal
  + stars: | 2024-07-15 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +4 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The deal could be worth as much as $23 billion — and would mark an extraordinary moment for Wiz. Wiz, which was valued at $12 billion after announcing a $1 billion fundraising in May, puts "cloud security" front and center. Thomas Kurian is CEO of Google Cloud. Analysts at Wedbush including Dan Ives said in a research note that a Wiz deal "would clearly bolster the Google cloud offering and value proposition to enterprises."
Persons: —, Morgan Stanley, Blackstone, Assaf Rappaport, Harry Murphy, That's, Thomas Kurian, Dan Ives, Sen, Richard Blumenthal Organizations: Service, Street Journal, Israeli military's Unit, Business, Wiz, Google, Amazon, Microsoft, FTC, Big Tech Locations: New York
☆ Wiz's rapid ascent to $10 billion valuation in market downturn shows cloud security is 'still huge'
  + stars: | 2023-05-09 | by ( Jordan Novet | ) www.cnbc.com   time to read: +6 min
The accelerated shift to cloud computing has boosted adoption of security software that can identify the spots where hackers can wage attacks. Older security companies such as Palo Alto Networks and Rapid7 have widened their portfolios to specialize in securing the cloud. Regardless of how Thomas views Wiz, in February his company added the startup to its list of competitors, putting it alongside Palo Alto Networks . Rappaport called out Palo Alto Networks, which has an offering called Prisma Cloud, as his company's best place to snag business. Rappaport also knows plenty about Microsoft, having sold his prior security startup, Adallom, to the company for $320 million in 2015.
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