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Cybersecurity Firm Says Rival Is Raiding Workers, Information
Law360 (May 6, 2021, 5:07 PM EDT) A cybersecurity firm is asking a Georgia federal judge to stop a rival from raiding its employees in what it calls an attempt to steal trade secrets and customers, and to force a former worker to delete any information he took with him to the new job.
Tanium Inc. wants an injunction against Wiz Inc. and former employee Max Yago, saying Wiz lured Yago away with the intent of taking customers and proprietary information with him.
Tanium sued Wiz and Yago in the Northern District of Georgia on Wednesday, claiming misappropriation of trade secrets, breach of contract and unlawful interference with.
Israeli cloud security startup Wiz emerges from stealth with $100M in funding
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Israeli cloud security startup Wiz Inc. has emerged out of stealth with the announcement of $100 million in new funding to allow it to scale up to meet customer demand.
The Series A round included Index Ventures, Sequoia Capital, Insight Partners and Cyberstarts. Under the deal, Doug Leone, global managing partner at Sequoia Capital, Shardul Shah, partner at Index Ventures, Jeff Horing, managing director at Insight Partners and Gili Raanan of Cyberstarts are joining the Wiz board.
The company was founded in January by Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik, former leads of Microsoft’s Cloud Security Group and the founding team of Adallo Inc., a cybersecurity startup acquired by Microsoft for $320 million in 2015. Wiz is developing a cloud security product that is designed to help companies secure their cloud infrastructure.