Cyber startup Wiz explores shares sale at up to $20 billion valuation, Bloomberg News reports

Quick Summary:

U.S.-Israeli cybersecurity startup Wiz is exploring a potential sale of existing shares at a valuation ranging from $15 billion to $20 billion, Bloomberg News reported on Tuesday.

The company and the venture firms did not immediately respond to Reuters' requests for comment.

Wiz provides cloud-based cybersecurity solutions that help companies identify and remove critical risks on cloud platforms, powered by artificial intelligence.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIsrael

Topics: Report Company Million Venture Existing Valuation Billion Firms Cybersecurity Deal Potential

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 07:43:37 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 204 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22700806

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Main Topics: EconomyBusiness

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