BEAMSTART Logo

HomeNews

Alphabet's $32 billion Wiz deal promises windfall for VC backers

Channel News Asia LogoChannel News Asia4h ago

Alphabet's $32 billion Wiz deal promises windfall for VC backers - Channel News Asia

Quick Summary:

The venture capital firms that invested in cybersecurity firm Wiz, which agreed to a $32 billion buyout by Google's parent Alphabet, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures.

When the team founded Wiz in 2020, Cyberstarts, Index Ventures and Sequoia were quick to invest.

After committing more in later rounds, it now owns about a 10 per cent stake in Wiz and could reap $3 billion from the sale, sources said.


More Pictures

Alphabet's $32 billion Wiz deal promises windfall for VC backers - Channel News Asia (Picture 1)Alphabet's $32 billion Wiz deal promises windfall for VC backers - Channel News Asia (Picture 2)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 07:01:30 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27160700

View Article Analysis

About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 53 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 24 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Alphabet's $32 billion Wiz deal promises windfall for VC backers" has 540 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Alphabet's $32 billion Wiz deal promises windfall for VC backers" was covered 4 hours ago by Channel News Asia, a news publisher based in Singapore.

How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 53 news stories per day.

It's most recent story was published 24 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27160700
  • URL: https://chronographically.beamstart.com/news/alphabets-32-billion-wiz-deal-17423401842236

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.