The Biggest Winners From Wiz’s Potential $23 Billion Sale to Google

Google’s proposed $23 billion acquisition of cloud security startup Wiz would help it compete with Microsoft, the top seller of security software. If the deal manages to avoid antitrust challenges and other hang-ups in the ongoing negotiations—and those issues are still a big if—it would also create a windfall for the startup’s investors during a period in which such returns have been lacking.

Several venture capital firms, including Index Ventures, Sequoia Capital, Insight Partners, Greenoaks Capital Partners and Israeli venture firm Cyberstarts, collectively stand to return at least $7 billion on their Wiz investments, which began in 2020, the year it was founded. (See a full list below.)