July 23, 2024 at 10:39AM Wiz has declined Alphabet’s $23 billion takeover bid, opting instead for an IPO and aiming for $1 billion in annual recurring revenue. Regulatory concerns may have played a part, given Google’s antitrust scrutiny. The cybersecurity firm, valued at $12 billion, has raised $1.9 billion in funding and acquired Gem Security, … Read more
April 12, 2024 at 12:48PM Cloud security vendor Wiz has acquired Gem Security, an Israeli startup specializing in cloud detection and incident response technologies, for approximately $350 million. Wiz CEO Assaf Rappaport aims to consolidate cloud security operations and strengthen their CDR capabilities. The acquisition aligns with Wiz’s ambition to lead the market and integrate … Read more
November 14, 2023 at 09:59PM Cycode, the leader in Application Security Posture Management (ASPM), has launched ConnectorX, an ASPM connector capability. It also includes enhancements to its Risk Intelligence Graph (RIG). This allows for a complete approach to ASPM, enabling security and development teams to collaborate effectively. The new platform aims to address the conflict … Read more