from Hacker News

Google parent in talks to buy cyber security startup Wiz for $23B

by supermatou on 7/14/24, 6:37 PM with 9 comments

• by BobbyTables2 on 7/14/24, 7:20 PM

  How does a 4 year old company get a total of $2B in VC funding?

  Cloud and containers are by no means new. They aren’t first or even the 100th company to try this.

  This is utter insanity.

• by master_crab on 7/14/24, 7:51 PM

  I don’t understand what Google’s goal is here? Wiz is a multi cloud security offering. A Google purchase will immediately start turning the company into a GCP focused offering.

  If they want to improve GCP’s security offering…sure, maybe.

  But that is going to destroy a lot of value in the company up front and it’s not like their engineers can’t replicates Wiz for GCP for a lot less than $23b.

• by supermatou on 7/14/24, 6:37 PM

  For those unable to bypass FT's paywall:

  https://archive.is/6LZap

• by sofixa on 7/14/24, 6:40 PM

  Isn't a $23B valuation on $350M/ARR a bit high?