This Company Rejected a $23 Billion Buy Offer From Google

Why would a four-year-old startup turn down a $23 Billion buy offer? Well, this is what Wiz, an Israeli cyber security company did. They rejected a $23 billion buy offer from Google. According to Assaf Rappaport, the company’s CEO, he believes the company has the potential to reach a $100 billion in value, and is hence delaying gratification. “The company that is going to own cloud security in the world is going to be a 100 plus billion-dollar company”, he said.

Wiz had so far raised $1 billion in venture funding from a16z, Sequioa Capital, and Thrive Capital amongst others, is bringing in $500 million in annual revenues, and was recently valued at $12 billion.