May 12, 2024

I recently learned that cybersecurity company Wiz has raised $1 billion in new venture funding at a $12 billion valuation, with plans to use the funds for mergers and acquisitions. The company has achieved $350 million in annual recurring revenue this year and is looking to expand through M&A; and investments, with the goal of reaching $1 billion in ARR and an IPO. Additionally, Reddit’s stock has seen a rise following strong Q1 results and a promising Q2 outlook, and financial educator Jay Dorso offers insights into increasing retirement savings for women. There is also a focus on dealmaking in the cybersecurity sector, with opportunities for venture-backed startups as acquisition targets. The industry is experiencing challenges in adapting to interest rate hikes and generative AI factors. Stay tuned for more updates in the coming days.

Stay Well!