Index Venture

How a $6M bet on Wiz turned into a massive 200x return for one early backer

Security /

Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s […]

How a $6M bet on Wiz turned into a massive 200x return for one early backer Read More »

Benchmark, Index, others are in a wild unsolicited bidding war over Anysphere, maker of Cursor

AI /

There isn’t a shortage of AI-powered coding assistance startups. They include Augment, Codeium, Magic, and Poolside. However, Cursor has become one of the most popular. Its developer, Anysphere, has seen its revenue grow from $4 million annualized recurring revenue (ARR) in April to $4 million a month as of last month, according to a person

Benchmark, Index, others are in a wild unsolicited bidding war over Anysphere, maker of Cursor Read More »