Israeli cyber-security firm Wiz has made headlines by turning down a whopping $23 billion takeover offer from Google’s parent company, Alphabet. In an internal memo to staff, Wiz CEO Assaf Rappaport expressed his gratitude for the offer but stated the company’s intention to reach $1 billion in revenue before considering going public.
Founded by Rappaport and his co-founders who met while serving in the Israeli military, Wiz has quickly become a major player in the cyber-security industry. The founders’ previous venture was acquired by Microsoft for $320 million, and now they are aiming to become the biggest cyber-security company in the world on their own terms.
The decision to reject Google’s offer has sparked admiration from industry experts, with many praising the founders’ long-term vision and commitment to building a successful company. With bases in New York, Tel Aviv, and other US locations, Wiz is poised to continue its rapid growth and make a significant impact in the cyber-security sector.
