Get the latest tech news
Wiz CEO explains why he turned down a $23 billion deal
Assaf Rappaport, the co-founder and CEO of cloud security startup Wiz, said that turning down a $23 billion offer from Google was “the toughest decision
The startup had raised $1 billion from investors led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital. “Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice,” Rappaport said in an email to Wiz’s employees at the time, according to TechCrunch. This month, the company hit $500 million in annual recurring revenue, and hopes to double that to $1 billion in 2025, according to Roy Reznik, Wiz’s co-founder and VP of R&.
Or read this on TechCrunch
