From IPO dreams to CrowdStrike’s crisis: Inside the collapse of the Wiz-Google mega deal

From IPO dreams to CrowdStrike’s crisis: Inside the collapse of the Wiz-Google mega deal. The timing of CEO Assaf Rappaport's announcement that Wiz was walking away from the Google deal on the eve of the giant’s earnings report indicates that he was mulling the decision until the very last moment. The fear of becoming history at the age of 40, the blow received by competitor CrowdStrike, the attempt to raise the price, and the desire for a huge IPO were probably among the considerations that tipped the scales.

Wiz rejects Google’s $23 billion acquisition offer, eyes IPO instead. "Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO. Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice," CEO Assaf Rappaport wrote in an email to employees. The deal was supposed to be the largest acquisition ever by the American search giant and the largest exit of an Israeli company.

Applied Systems acquires insurtech startup Planck in $300 million deal. The Israeli company will form the base for the insurance software giant’s AI Development Center in Israel.

Magenta Medical nets $105M to secure FDA approval for world's smallest heart pump. The financing will be used to advance the company’s U.S. clinical programs in multiple mechanical circulatory support (MCS) indications and to secure the first FDA approval for the Elevate System in patients undergoing high-risk percutaneous coronary interventions (HR-PCI).

Nvidia's biggest acquisitions of Israeli startups. Excelero, Deci, Run:Ai, and of course Mellanox all caught the eye of one of the world’s most valuable companies.??