Back
VCGuy
Believe me, itโs not...ย โขย 1y
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 โฉInvestors include: a16z, Lightspeed, Thrive Capital Pitchbook data : 48 deals worth $6.9 billion in 2024. ๐ฉ๏ธA 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. โฏ๏ธWiz 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.
More like this
Recommendations from Medial
Shuvodip Ray
ย โขย
YouTubeย โขย 1y
๐Google's $23B Acquisition Offer The proposed acquisition would have been Alphabet's largest to date, nearly doubling Wiz's previous valuation of $12 billion from its May 2024 funding round. Google's interest in Wiz stemmed from its desire to bolst
See More
gray man
I'm just a normal gu...ย โขย 1y
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 More
VCGuy
Believe me, itโs not...ย โขย 11m
Sequoia and Insight Partners stand to make a fortune from Google's acq. of Wiz for $32 B. Sequoia and Insight backed Wiz from its seed round, participating in almost every stage, right up to the $1B Series E (Insight skipped the Series E). Repo
See More
VCGuy
Believe me, itโs not...ย โขย 1y
Building SaaS from India for the world - Rocketlane raises a $24 M Series B. โก๏ธTotal Funding: $45 M (Seed at $3 M, Series A at $18 M) โซLead investors: 8VC, Matrix Partners and Nexus VP. In recent years, many Indian startups are building SaaS compan
See More
VCGuy
Believe me, itโs not...ย โขย 11m
Q1 25 - Startups have secured just over $3.1 B in funding, across 232 deals. Several VC firms have recently closed or launched new funds in the last quarterโคต๏ธ - Bessemer VP โ Closed a $350 M India Fund II - Accel โ Raised $650 M for India Fund VIII
See MoreVCGuy
Believe me, itโs not...ย โขย 1y
Several reports indicate that OpenAI has doubled its revenue in <6 months. Late 2023: $1.6 B May 2024: $3.4 B ๐กFutureSearch's report provides an interesting estimation of OpenAI's revenue breakdown - - $1.9 B from ChatGPT+, 7.7 M paying subscrib
See More
VCGuy
Believe me, itโs not...ย โขย 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 highlightsโคต๏ธ - Aiming to double store count to 700,
See More
Harsh Dwivedi
ย โขย
Medialย โขย 1y
Building Wiz: the fastest-growing startup in history | Raaz Herzberg (CMO and VP Product Strategy) Raaz Herzberg shares her journey from PM to CMO at Wiz, driving hypergrowth from $0 to $500M ARR. Learn about pivots, customer insights, and scaling f
See More
/entrackr/media/post_attachments/wp-content/uploads/2021/08/Accel-1.jpg)
Download the medial app to read full posts, comements and news.