Wiz in talks to sell shares at $15B-$20B valuation, Bloomberg reports

Wiz is in talks to sell existing shares at a valuation between $15B-$20B, after abandoning a deal in July to be acquired by Google (GOOGL) for $23B, Bloomberg’s Katie Roof and Gillian Tan report, citing people with knowledge of the matter. The cybersecurity startup is discussing a deal that would let existing investors tender $500M-$700M of their holdings, one source says, adding that the company could also raise money directly from shareholders. Wiz connects to cloud storage providers such as Amazon’s (AMZN) Amazon Web Services and Microsoft’s (MSFT) Azure, and scans data stored there for security risks. Venture firms involved in the transaction include G Squared, Thrive Capital and Lightspeed Venture Partners, the people say.