Cyber Startup Wiz Is Weighing Potential Bid for SentinelOne (2)

Closely held cloud cybersecurity company Wiz Inc. is considering a potential bid for SentinelOne Inc. in what would represent a rare move by a startup to buy a large listed company.

Wiz spokesperson Tamar Harel said on Friday that the firm was studying the potential acquisition of SentinelOne, which had a market valuation of nearly $4.9 billion on Friday. Harel said Wiz has been tracking SentinelOne’s “growth journal for the past several years” and noted that there are a few companies that would complement Wiz’s offering and help expand its platform.

Wiz, which is based in New York, has approached ...