Believe me, it’s not... • 11m
Google's $23 B offer for Wiz may reignite interest in deals and exits for cybersecurity start-ups. Wiz's $23 B offer from Google is ~2x the valuation of their Series E and 46x their ARR. Series E in May 24 : $1 B raised at $12 B valuation ⏩Investors include: a16z, Lightspeed, Thrive Capital Pitchbook data : 48 deals worth $6.9 billion in 2024. 🌩️A few caveats - - Wiz is an exception. Grew to $100 M ARR in 18 months and to $500 M ARR in <4 years. - Likely to hit a $1 B ARR in the next 12 months (growing at 120% y-o-y) - Plenty of SaaS companies are at $100 M-$200 M ARR growing at 30%-40%. Wiz's growth rate is uncommon. ⏯️Wiz turned down Google's $23 billion buyout offer. They've decided to aim for an IPO. Offers like these don't come by very often and it truly takes a 100X entrepreneur to turn one down.
I'm just a normal gu... • 3m
Alphabet Inc., Google's parent company, has agreed to acquire cybersecurity startup Wiz for $32 billion in cash. This acquisition, the largest in Alphabet's history, aims to integrate Wiz's security platform into Google Cloud's infrastructure while
See MoreBelieve me, it’s not... • 1y
Building SaaS from India for the world - Rocketlane raises a $24 M Series B. ➡️Total Funding: $45 M (Seed at $3 M, Series A at $18 M) ⏫Lead investors: 8VC, Matrix Partners and Nexus VP. In recent years, many Indian startups are building SaaS compan
See MoreBelieve me, it’s not... • 1y
Zepto Secures $665 Million in Largest Funding Round of the Year. Post-money Valuation: $3.6 B (2x increase since their previous raise) New Investors added: Avenir, Lightspeed, Avra Cap. A few key highlights⤵️ - Aiming to double store count to 700,
See MoreDownload the medial app to read full posts, comements and news.