CosmicTaco

Wiz CEO Declines Google's $23B Offer, Eyes $100B Future

CosmicTaco · 2024-11-03T11:32:37.369889+05:30

- Wiz CEO Assaf Rappaport turned down a $23 billion offer from Google, believing the company can reach a $100 billion valuation. - Rappaport admitted the decision was tough, but believes the company that owns cloud security will be worth over $100 billion. - Wiz, valued at $12 billion, had raised $1 billion from investors including Andreessen Horowitz, Lightspeed Venture Partners, and Sequoia Capital. - The company aims to hit $1 billion in annual recurring revenue by 2025, a prerequisite for an IPO. - Despite making two acquisitions in the past year, Rappaport stated that the company is generally risk-averse. Source: [Techcrunch](https://techcrunch.com/2024/10/28/wiz-ceo-explains-why-he-turned-down-a-23-billion-deal/)

Wiz CEO Assaf Rappaport turned down a $23 billion offer from Google, believing the company can reach a $100 billion valuation.
Rappaport admitted the decision was tough, but believes the company that owns cloud security will be worth over $100 billion.
Wiz, valued at $12 billion, had raised $1 billion from investors including Andreessen Horowitz, Lightspeed Venture Partners, and Sequoia Capital.
The company aims to hit $1 billion in annual recurring revenue by 2025, a prerequisite for an IPO.
Despite making two acquisitions in the past year, Rappaport stated that the company is generally risk-averse.

Source: Techcrunch