JERUSALEM :U.S.-Israeli cyber security startup Wiz said on Monday it raised $300 million in a private financing round that takes the firm's valuation to $10 billion, but also said it wouldn't move any of the money to Israel while there is uncertainty about the judicial system.Plans by Prime Minister Benjamin
JERUSALEM :U.S.-Israeli cyber security startup Wiz said on Monday it raised $300 million in a private financing round that takes the firm's valuation to $10 billion, but also said it wouldn't move any of the money to Israel while there is uncertainty about the judicial system.
Businesses and economists say the planned reforms could harm Israel as an investment destination. For Israel's tech companies, an independent legal system is crucial to protecting their main asset, intellectual property, with some local tech executives saying they may consider domiciling abroad as a result of the government's plans.
The latest late stage round was led by Lightspeed Venture Partners and existing investors Greenoaks Capital Partners and Index Ventures.
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