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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#761

Post by ExoticPearTree »

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.

We use them and the product is very very nice and very lightweight to set up. Like for a cloud environment it takes about 5 minutes to get it up and running for a tenant.

They add features weekly or faster.

Re: Google to buy Wiz for $32B

#762

Post by ExoticPearTree »

throwaway2037 wrote: post #714
ryanSrich wrote: post #539

Earlier quoted context omitted.

This is wild to me. As someone in security, Wiz is definitely one of the whales.

In your opinion, are they a whale because they make a great product... or just have a great marketing/PR/sales team? I am guessing "great product" because I cannot believe that Google cannot just rebuild it themselves (if not a great product).

The product is great. We’re using it since 2023. Very happy.

Regarding your google comment: Google builds Google products that can also be used by other people. I am pretty confident they cannot build something like Wiz. And not because they don’t have researchers and developers.

Re: Google to buy Wiz for $32B

#763

Post by ExoticPearTree »

zifpanachr23 wrote: post #641
detourdog wrote: post #366

Earlier quoted context omitted.

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

I read their website and there must be something secret they've got cooking behind the scenes cause the valuation makes zero sense to me. The whole thing reads like all the dozen or so "cloud security" plays out there. Either I'm missing something big, or their products are outrageously far ahead of all the other similar sounding products out there. I've been known to roll my eyes at a lot of these sorts of product c…

Yeah, the website is not very helpful.

The product though is easy to set up, no friction - like 5 minutes per tenant; and in a few hours you have a really good picture of your security posture with very detailed explanations for every finding.

And the graph… very useful to understand why a finding is marked as high ir critical even though at first glance it does not look like it.

Re: Google to buy Wiz for $32B

#764

Post by shalmanese »

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…

> (I believe that was the first time a major company admitted to being hacked by government). That was a major turning point. Ever since then it's been "never again".

There was one other time Google was hacked by a major government that also spurred massive internal security posture changes! https://en.wikipedia.org/wiki/Snowden_effect#Tech_industry

Re: Google to buy Wiz for $32B

#765

Post by heraldgeezer »

alephnerd wrote: post #529
heraldgeezer wrote: post #524

Earlier quoted context omitted.

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.

> Okay you edited. Yep. Realized the confusion! > I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent Most people haven't met an Israeli or traveled to Israel. Also, most users on HN are Americans or Northern European who overwhelmingly use Reddit, so everyone has some weird fringe mentality about one side or the other. Honestly, most Israelis and Arabs act the same - I mean…

You are so right! Only whites can be racist. As a northern European, how can I ever repent and make you happy?

I will never have an opinion on this conflict again, as I am white. I am so sorry. I will listen and learn while pro palestine people protest here in Sweden and advocate for Israel to be wiped off the map.

Re: Google to buy Wiz for $32B

#766

Post by menaerus »

rubenvanwyk wrote: post #747
DeathArrow wrote: post #735

Earlier quoted context omitted.

>Adallom was founded in 2012 by Assaf Rappaport, Ami Luttwak and Roy Reznik, who are former members of the Israeli Intelligence Corps’ Unit 8200 and alumni of the Talpiot program. It's interesting that many people working in intelligence found ways to become very successful in business. I wonder what is the reason.

Intelligence communities tend to pick very smart people who are particularly good at acquiring niche skills and operating under extreme situational uncertainty. I think those are valuable attributes for someone in business.

It surely must be exactly that.

Re: Google to buy Wiz for $32B

#767

Post by disgruntledphd2 »

noboostforyou wrote: post #161
disgruntledphd2 wrote: post #110

Earlier quoted context omitted.

Revenue and profit are very different. Like, it's easy to pump revenue at a loss. I don't really see the benefits of this acquisition for Google, but congrats to the Wiz team!

> I don't really see the benefits of this acquisition for Google At the very least it's a giant book of sales leads.

Yeah, I see that but it doesn't really feel like $32bn worth of value.

Re: Google to buy Wiz for $32B

#768

Post by belter »

VirusNewbie wrote: post #738
belter wrote: post #34

Earlier quoted context omitted.

> a way for Google to secure a beachhead in half the Fortune 100 If that is their objective, they will fail again, since this is the land of good account management. Being able to call somebody on the phone if required. Something AWS excels on, Microsoft a little bit, while Google is rumored to have humans working there, but they are rarely seen.

I previously worked for a startup that used GCP with a less than 7 figure spend each year and we had no problems talking to people at Google.

An experience not shared by others: https://www.reddit.com/r/googlecloud/comments/1ey0rx8/gcp_su...

Re: Google to buy Wiz for $32B

#769

Post by belter »

fastest963 wrote: post #706
belter wrote: post #34

Earlier quoted context omitted.

> a way for Google to secure a beachhead in half the Fortune 100 If that is their objective, they will fail again, since this is the land of good account management. Being able to call somebody on the phone if required. Something AWS excels on, Microsoft a little bit, while Google is rumored to have humans working there, but they are rarely seen.

We have a relatively modest commit with GCP, around $1M a year, and have a dedicated account rep who I can contact whenever I need to. In fact, we've had a similar relationship even when we were half the size.

And did you ever had the need to escalate something? : https://www.reddit.com/r/googlecloud/comments/1ey0rx8/gcp_su...

Re: Google to buy Wiz for $32B

#770

Post by belter »

tguvot wrote: post #542
belter wrote: post #418

Earlier quoted context omitted.

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

Including the CEOs of security companies, who have access to the credentials of the cloud environments of thousandths of other companies.
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