Deals
Cyber Firm Wiz Buys Cloud-Based Developer Raftt in Roughly $50 Million Deal
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The cloud security company Wiz has struck a deal to buy Raftt — a cloud-based platform for developers — for as much as $50 million, marking its first acquisition ever.
Raftt, based in Tel Aviv, allows developers to collaborate in virtual environments — either existing ones or new ones that they can create and share them with their teams. Wiz said integrating Raftt’s platform will enhance its own offerings.