Israel’s most overvalued cybersecurity startups exposed – report

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“The Details” has exposed some of the most overvalued cybersecurity startups that raised money past yr, which includes Israeli businesses Wiz, Snyk and Axonius. Utilizing earlier undisclosed revenue figures, the US engineering publication calculated how the companies’ valuations massively exceeded their forward profits with multiples of up to 150, for the Israeli businesses.

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Wiz, for example, tripled its value, in just over six months, and elevated funds at a valuation of $6 billion, when Snyk enhanced its valuation from a tiny above $1 billion at the commence of the Covid pandemic, to $8.5 billion at the

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