Google has acquired cloud security startup Wiz for a whopping $32 billion, marking one of its largest ever deals. The acquisition, which is now on again after being off earlier, is expected to bring significant financial gains for investors.
Sequoia Capital takes home the prize as the venture capitalist (VC) with the largest payout share in this deal. However, another Israeli VC called Cyberstarts secured a larger percentage of the total payout.
The reasons behind this acquisition are multifaceted and varied. According to recent reports, Google sought to bolster its security capabilities to better compete in the cloud market. Wiz’s cutting-edge technology is expected to play a crucial role in enhancing Google Cloud’s defenses.
In this episode of Equity, host Max will discuss his thoughts on Nvidia’s GTC conference, break down the highlights and lowlights of Klarna’s IPO, explore the drama surrounding HR companies Rippling and Deel, and delve into Waymo’s recent mapping deal at San Francisco Airport.
Source: https://techcrunch.com/podcast/inside-the-google-wiz-acquisition-and-the-deals-biggest-winners