Why did Wiz turn down $23 billion?

Wiz co-founder and CEO ​​Assaf Rappaport said at TechCrunch Disrupt that turning down Alphabet’s offer was “the toughest decision ever,” but they did so because they believed the cloud security space is a $100 billion opportunity for the company. At the time Wiz turned down the offer, the startup had a private valuation of $12 billion. The CEO admitted that they also had other offers, though none as big as Google’s.