Can someone tell me what Wiz actually does, I can't make head nor tail of it from their website. Cloud security is pretty meaningless as a phrase
Google to buy Wiz for $32B
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Re: Google to buy Wiz for $32B
#502This makes no sense. Assume 1,000 customers each generating $2m in ARR with contracts. That’s $2 billion. Assume generous 6x ARR valuation, that’s $12 billion. Where is this $20 billion premium coming from? How could the board approve this? How is this fair to shareholders? Heck, as a minor shareholder in GOOG, I don’t find this financially responsible at all. I can’t help but think sometimes these tech acquisitions…
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Re: Google to buy Wiz for $32B
#503Earlier quoted context omitted.
Why? It's a military academy program deeply integrated into the research and development of the IDF and israeli military industry. It's where you go if you're really bright and really loyal to the genocidal aspects of israeli society and want to spend six years devoted to that.
lol "genocidal aspects of israeli society" recently i have been meeting more and more people whose entire vocabulary seem to be hyperboles and are only capable of black and white thinking
There isn't much grey in airstrikes on starving children shivering in tents. No sane, healthy person would approve of such an atrocity.
The israeli political establishment commonly declares genocidal intent against the palestinians, and uses military, sexual, reproductive and other means, including starvation, to realise this intent. This isn't really something to discuss, the reader can just go search for video clips with threats and Amalek rhetoric and how perpetrators of heinous crimes are paraded in israeli television. Whether it will hold in court is uncertain, in part because international law is not just a legal matter.
Buying a corporation that has it's technical division under such a regime seems like a bad idea to me, and I would also find the founders history with that state quite worrying.
Re: Google to buy Wiz for $32B
#504> 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.
$350M ARR in less than 5 years. Aiming towards $1B by the end of 2025.
You never heard of them since perhaps your decisions were not in the cycles of their product. Those who are , heard indeed (type of folks who look at Gartner magic quadrants).
Re: Google to buy Wiz for $32B
#505Earlier 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.
kickbacks, may be. I have seen the product. It is not so mossad-y. It fairly straight forward cloud, VM, kubernetes scans. Does it protect stuff? Somewhat. Is it the best product out there - no. Are CISOs happy? CSPM is mostly a checklist item in their bucket to things to do. It depends on what kind of security you are working in. Most of the people in CSPM, CNAPP world have heard their name. It is product built for…
> It is not so mossad-y.
Would we (i.e. anyone not in the intelligence space) know how intelligence service-y software would look like ? . Aren't all such organizations trained and designed to be inconspicuous and in places we are unlikely to expect.
Re: Google to buy Wiz for $32B
#506I dunno which VCs invested in them, but whoever did is headed for a very, very big payday.
Re: Google to buy Wiz for $32B
#507Earlier quoted context omitted.
In history - until Cursor, so like 6 months ago they still held the record.
Cursor, the AI code editor? They have $100 million in ARR??
So it would seem: https://sacra.com/research/cursor-at-100m-arr/
Re: Google to buy Wiz for $32B
#508Earlier 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.
> most people here are also in security
No they aren't.
I've been a cybersecurity SWE, PM, and VC for a decade at this point and I've almost never found any relevant security or enterprise SaaS related content on HN.
For a hot second (around 2018-2019) there was solid conversations around eBPF, io_uring, or cloud posture management, but that doesn't happen on here anymore.
Same with MLOps and ML Infra as well - almost no one on here understands Infiniband, RDMA, or BLAS
The tech industry is MASSIVE - and most people are only clued into their own little niche. And according to HN, the only tech companies that exist are FAANG, Nvidia, Tesla, TSMC, and BYD.
Re: Google to buy Wiz for $32B
#509Earlier quoted context omitted.
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Arab-Israelis are around 20% of the population and they're not required to enlist. Some religious groups, religious women specifically, are also not required to enlist. There are exemptions for people with disabilities, health issues with risk factors, extreme poverty, problematic family situations, teen parents, etc, as you would expect there to be in any western democracy. For any other healthy citizen that's not e…
I've read about or seen interviews with people who refused.
I am also aware that the vast majority do not, and would consider it unthinkable to refuse.
Re: Google to buy Wiz for $32B
#510Earlier quoted context omitted.
Turns out McKinsey is really bad at business and letting a McKinsey ghoul run your company is a good way to run it into the ground.
GOOG is up ~152% since Sundar took over...
Since Sundar took over as CEO at Google (August 10, 2015):
- Google is up 5.2X - I am not sure how you got 152%
- Apple is up 10X
- Microsoft is up 8.25X
- Netflix is up 7.45X
- Amazon us up 7.28X
- Facebook is up 6.27X
And for fun:
- Nvidia is up 207X
- Intel is down 12%
- The S&P 500 is up 2.72X