Cybersecurity
Cyber Startup Wiz Is Weighing Potential Bid for SentinelOne
- Wiz, last valued at $10 billion, would need capital for deal
- Startup has approached bankers to discuss possibility
This article is for subscribers only.
Closely held cloud cybersecurity company Wiz Inc. is considering a potential bid for SentinelOne Inc. in what would represent a rare move by a startup to buy a large listed company.
Wiz spokesperson Tamar Harel said on Friday that the firm was studying the potential acquisition of SentinelOne, which had a market valuation of nearly $4.9 billion on Friday. Harel said Wiz has been tracking SentinelOne’s “growth journal for the past several years” and noted that there are a few companies that would complement Wiz’s offering and help expand its platform.