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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#541

Post by jopsen »

Thorrez wrote: post #59
eitally wrote: post #7

Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…

>and security (post the Mandiant acquisition) As a Googler who works in GCP security, security has been a key differentiator for GCP long before the Mandiant acquisition. Google invented BeyondCorp (a primary driver of Zero Trust). Google helped create security keys (U2F, FIDO, Webauthn), and was I think the first major company to adopt them, both for employees, and for consumers. Google was one of the first major co…

Having previously used AWS, I would also say that GCP IAM is much better.

Yes, it's a lot less flexible than AWS IAM, but complicated IAM policies with conditions and stuff can be really hard to reason about.

Disclosure: my thoughts are my own.

Re: Google to buy Wiz for $32B

#542

Post by tguvot »

belter wrote: post #418
reliabilityguy wrote: post #361

Earlier quoted context omitted.

> The question is are you ever allowed to quit Unit 8200? Do you have any evidence to show that no one ever quits 8200?

Yes. Until you are 40 ...Read and hear for yourself: https://darknetdiaries.com/transcript/28/ "Now Avishai has left 8200 and went off to co-found Wix, the website building tool. It’s crazy to think that the co-founder of Wix is an expert hacker, someone who’s broken into multiple countries and conducted massive amounts of espionage." "Once you get out of 8200 you’re then a reserve and have to spend up to three weeks…

Everybody who did army service in Israel does reserve service every year

Re: Google to buy Wiz for $32B

#543

Post by leftcenterright »

happyopossum wrote: post #281
leftcenterright wrote: post #237

I still find it amazing that: - Businesses pay the cloud providers to allow them to use compute/disk/network - Businesses pay to hire the engineers who can work on cloud - Businesses pay to hire security engineers who can secure the applications in cloud - Businesses pay to hire FinOps to optimize their cloud usage - Businesses hire security companies to secure their cloud usage (e.g. Wiz was one such company) - Now…

> - Now cloud provider has to acquire the security company to secure their own cloud? No - this acquisition is about selling Wiz to cloud customers. Deploying on cloud securely is a solved problem if you set and follow good policies. Virtually nobody is doing this, ergo companies like Wiz that will tell you when you're doing something stupid.

> if you set and follow good policies

Is it really that hard? like I listed out, it is definitely not cheap. There isn't a shortage of skilled engineers in IT after massive layoffs. What's the catch then?

Re: Google to buy Wiz for $32B

#545

Post by aleph_minus_one »

ryanSrich wrote: post #540
1oooqooq wrote: post #449

Earlier quoted context omitted.

most people here are also in security and still haven't heard. It's more likely backroom kickbacks (and/or mossad) than invisible unicorn.

If you're in security and you haven't at least heard of Wiz, I have doubts about what you actually do. I'm not saying you have to be a CSPM expert, but not even hearing about Wiz, when they are the largest CSPM, is somewhat concerning.

> If you're in security and you haven't at least heard of Wiz, I have doubts about what you actually do.

IT security a very wide field. For example, a lot of positions in IT security are actually about compliance (i.e. lots of documentation), and ensuring the rollout of all necessary application patches in the whole company.

Re: Google to buy Wiz for $32B

#546

Post by belter »

detourdog wrote: post #366
czk wrote: post #256

> Wiz has raised a total of $1.9 billion from a combination of venture capital funds and private investors > Wiz agreed to acquire Tel Aviv-based Raftt, a cloud-based developer collaboration platform, for $50 million in December 2023. In April 2024, the company acquired cloud detection and response startup, Gem Security, for around $350 million > Wiz was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy…

I never heard of them until they were purchased for $32 billion.

It does not make sense. In 2024 Wiz had 10.7% market share. Revenue in the 1,5 to 1,7 Billion but they were not profitable in 2023. Become profitable in 2024 meaning costs are very high.

Also looks like Google is desperate for growth in Cloud and they need to do something.

They are paying as much money as their whole Google Cloud revenue in 2023. Revenue multiple is like 40x times revenue for Wiz. Exceptionally high, even for a high-growth company. Clearly overpaying.

Wiz had nine rounds so massive dilution, and VCs need to recover the money...

Re: Google to buy Wiz for $32B

#547

Post by warkdarrior »

alberth wrote: post #263
film42 wrote: post #102

I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Because every enterprise that decides to use cloud providers then needs to find someone to keep that cloud environment safe. But also, and may more important, you get to see everyones cloud usage, across all providers, with a high level of permissions. Said differen…

So is Wiz just a CASB? (Cloud Access Security Broker)

Wiz is a CNAPP provider. (Cloud Native App Protection Platform)

Re: Google to buy Wiz for $32B

#548

Post by dtquad »

>The stock was down 13% this year before Tuesday on worries over its hefty AI spending against the rise of China's lower-cost DeepSeek and a pullback in tech giants that led the market for the past two years.

Absurd take. Google is the one AI company that is not completely dependent on Nvidia because they now use their own TPU chips for both inference and training.

Re: Google to buy Wiz for $32B

#549

Post by aleph_minus_one »

heraldgeezer wrote: post #524
alephnerd wrote: post #516

Earlier quoted context omitted.

It's for any country or heritage that isn't American or Northern European. A lot of really racist or xenophobic takes on HN.

Okay you edited. I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent. At least In my country. They really believe "jews run the world" once you debate them enough they admit it and there is no changing of their minds.

> I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent.

Why not hate all groups that are involved in the Middle East conflict? :-)

Re: Google to buy Wiz for $32B

#550

Post by casey2 »

1oooqooq wrote: post #449
debarshri wrote: post #441

Earlier quoted context omitted.

Thats the kind of a company everyone wants to build in enterprise security. Incognito unicorns. There are many companies like these in security space. Another company I can think of is Rubrik. All these large security companies under the radar success.

most people here are also in security and still haven't heard. It's more likely backroom kickbacks (and/or mossad) than invisible unicorn.

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