Cyberstarts Turns $6M Investment in Wiz into $1.42B Windfall

Cyberstarts Turns $6M Investment in Wiz into $1.42B Windfall
Cybersecurity startup Wiz's acquisition by Alphabet is set to yield enormous returns for its early backers, particularly Cyberstarts. The Israeli VC invested $6.4 million in Wiz's seed round, now valued at a staggering $1.3 billion, marking a 222x return. Additionally, Cyberstarts previously sold shares worth $120 million, bringing total returns to $1.42 billion. Sequoia Capital, another prominent investor, is expected to gain $3 billion from its stake. This acquisition underscores the impressive performance of early-stage investments in the tech sector.