It does not make sense. In 2024 Wiz had 10.7% market share. Revenue in the 1,5 to 1,7 Billion but they were not profitable in 2023. Become profitable in 2024 meaning costs are very high.
Also looks like Google is desperate for growth in Cloud and they need to do something.
They are paying as much money as their whole Google Cloud revenue in 2023.
Revenue multiple is like 40x times revenue for Wiz. Exceptionally high, even
for a high-growth company. Clearly overpaying.
Wiz had nine rounds so massive dilution, and VCs need to recover the money...
Also looks like Google is desperate for growth in Cloud and they need to do something.
They are paying as much money as their whole Google Cloud revenue in 2023. Revenue multiple is like 40x times revenue for Wiz. Exceptionally high, even for a high-growth company. Clearly overpaying.
Wiz had nine rounds so massive dilution, and VCs need to recover the money...