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Wiz founders may earn $3.2b each in Alphabet deal
Alphabet, the parent company of Google, is set to acquire cybersecurity firm Wiz for US$32 billion, as reported by the Financial Times.
Founded in March 2020 by Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, the four founders are believed to hold about 10% of the company each.
If the transaction is finalized, each founder could receive approximately US$3.2 billion, subject to a 25% capital gains tax and a 3% surtax.
This would contribute significantly to Israeli tax revenues.
Recent Wiz developments
| Timeline |
|---|
| 19-Mar-2025 🔒 Alphabet acquires cybersecurity startup Wiz in $32b deal Alphabet acquires cybersecurity startup Wiz for $32 billion, marking its largest acquisition to date, surpassing previous offers. |
| 10-Jan-2025 🚀 Israeli cybersecurity startup Wiz taps new CFO, plans IPO Wiz names Fazal Merchant as president and CFO, focusing on IPO readiness after securing $1.9B in funding. |
| 22-Nov-2024 🔒 Wiz acquires Israeli cyber firm at estimated $450m Wiz acquires Israeli cyber firm Dazz for $450M, enhancing its cloud security with automated vulnerability management. |
| 16-Nov-2023 🚚 Wize raises $16m to expand sustainable logistics in MENA Dubai’s Wize raises $16M in pre-seed funding to expand logistics and promote battery-swapping services in the MENA region. |
| 29-May-2020 🤖 Singapore AI startup Wiz nets $6m in pre-series A round led by GGV Capital Wiz.ai raises $6M to enhance AI-driven customer engagement and expand in Southeast Asia, focusing on local languages. |
| 30-Jan-2020 💡 Edtech startup WizKlub raises nearly $1m in seed funding WizKlub raises ₹70 million to enhance AI-based learning for kids, aiming to expand its reach and impact in edtech. |
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