News Summary

Wiz, a cybersecurity startup, has been acquired by Google parent Alphabet for $32 billion, resulting in significant returns for its early investors. Israel-based VC firm Cyberstarts, which invested $6.4 million in Wiz’s seed round in 2020, stands to make $1.3 billion from the deal, achieving an extraordinary 222x return on its initial investment. Cyberstarts had previously sold $120 million in shares through secondary transactions, bringing its total return to $1.42 billion. The firm, founded by former Sequoia general partner Gili Raanan, has achieved a 26x multiple on its limited partner capital through its inaugural fund. Sequoia and Index Ventures, other early investors in Wiz, are also poised to receive substantial returns from this acquisition.