Startups Weekly: Wiz’s bet paid off in an M&A-rich week

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. It’s rare to report on an 11-figure startup acquisition, let alone multiple high-value deals in a single week. And there are more subtle signs that things are looking surprisingly upbeat in startup land. Most interesting startup stories from the week This week brought us some acquisitions, new startups, and sometimes heated rivalries. Bet paid off: It took some serious nerve for Wiz to walk away from Google’s $23 billion offer last year, but it was worth it. Google now agreed to pay a record $32 billion in cash to buy the cloud security startup, plus another $1 billion in retention bonuses. This exit will be a large liquidity event for many, but particularly for Israel-based VC Cyberstarts, which will get a massive 200x return on its early investment into Wiz. Amped up: SoftBank Group will acquire chip startup Ampere Computing i ... Read full article.