💨 Abstract

U.S.-Israeli cybersecurity startup Wiz is considering a share sale worth $15-$20 billion, allowing existing shareholders to tender shares worth $500-$700 million. This comes after a proposed $23 billion deal with Google-parent Alphabet fell through in July. Wiz offers cloud-based cybersecurity solutions using AI to help companies identify and mitigate risks on their platforms.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖