Why Wiz Wants to Buy Cloud Startup Gem Security for $350M

Wiz May Not Need More Cash for Its 2nd Deal in 4 Months Since It Has $900M on Hand
Wiz is reportedly set to buy centralized cloud threat management vendor Gem Security for $350 million, Bloomberg reported this week. The deal would come just four months after Wiz made its first-ever acquisition, scooping up cloud-based development platform Raftt for as much as $50 million.

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