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Front - Globes

Thu: Insurance, energy stocks lead rise "Israel can be a window to the Mediterranean" India signs $1.1b IAI tanker aircraft deal - report Indian co KPIT to acquire Israeli startup Cymotive Strengthening shekel nears NIS 2.90/$ threshold Wizz Air Israel hub talks break down Sakal makes shock bid to buy ZIM Israeli defense-tech co Kela raising $200m at $1.2b valuation Tue: Insurance stocks lead TASE higher Israel’s most expensive home up for sale TASE readying for big wave of IPOs this month AI ecommerce co ZyG raises $60m at $500m valuation Canadian real estate co Almadev plans TASE IPO Cisco to acquire Israeli co Astrix Security Rafael close to buying VW plant Mon: Nice lifts TASE to new record Israeli startup BridgeWise teams with Elon Musk�s X Leumi Partners invests NIS 200m in Landora Ministers approve two new combat aircraft squadrons Fri: Main indices rise, Tower surges Beilinson Hospital receives record donation for cancer research Thu: Main indices edge higher Keystone joining Hot Mobile acquisition Mekorot teams with nT-Tao on nuclear fusion Lufthansa Group suspends Israel flights until June Check Point disappoints on revenue, beats on profit SuperPlay earnout payments weigh on Playtika Tel Aviv Park HaMesila penthouse sells for NIS 55m Israeli credit card players eye potential of Wizz Air loyalty club Elon Musk to visit Israel next month Wed: Strong Teva gains lift TASE Aidoc raises $150m to prevent diagnostic errors Banks' efficiency drives spark worker unrest Teva acquires Emalex Biosciences for up to $900m Gasoline prices to rise again Thursday night Deputy budget commissioner warns on �trauma economy� Tue: Chip stocks fall sharply Israel drops key demand on Wizz Air hub Gedera house sells for NIS 5.53m Huge Crusoe Afula deal boosts Israel’s data centers sector Quantum Art extends Series A financing to $140m "Globes" poll of polls shows Beyachad brings opposition no gain Mon: TASE opens week lower Nvidia leases space for labs in Rishon Lezion Shekel-sterling rate heading below NIS 4/£ Shapir mulls buying control of Ashdod Refinery for NIS 1b Banks ask court to declare Nochi Dankner bankrupt Strong semiconductor sentiment boosts Ceva Yair Lapid and Naftali Bennett merge parties Supreme Court orders financial sanctions for draft evaders Israeli tech employees hold stock options worth NIS 150b Home price gap narrows between Tel Aviv and nearby cities Meta to lay off 100 employees in Israel Fri: Banks weaken, Intel results lift Camtek EU regulator extends advisory not to fly to Israel Lyft buys Gett's London taxi-hailing operation Thu: Energy stocks surge, Tower slides Mobileye up sharply after beating analysts on Q1 Cyera buys Israeli startup Ryft for over $100m Israir to launch Israel-US flights in summer Ondas Israel unit to protect World Cup venues from drones Elbit awarded $200m IDF airborne munitions deal Study: IDF Talpiot program excels in producing entrepreneurs Israel's population grew 1.4% over past year Mon: Teva, Enlight boost TASE Ondas wins $10m tender to clear mines in Israel Ramat Gan house sells for NIS 8.4m Is it time to buy dollars? Petition revives threat to Israel-EU trade El Al to launch subsidized Tel Aviv - Buenos Aires flights AWS extends Ichilov AI medical collaboration Elbit drones to undergo Canadian trials - report Activist investors seek to oust Radcom board Two-minute EV charging coming to Israel Businessman buys 5 Tel Aviv apartments in Dou project Fri: Construction sector powers rise Mega Or buys Alliance Tire site in Hadera for NIS 1b cash El Al orders six more Dreamliners Thu: Big banks, Elbit lead falls Gov't Cos Authority recommends splitting NTA Nofar Energy plans to dual list on Nasdaq New immigrants buy Tel Aviv seafront home for NIS 70m Shekel’s strength hits Israelis investing in US Israel’s enhanced F-35s performed impressively in Iran war ZIM CEO Eli Glickman quits over failed bid eToro buys Israeli startup Zengo for $70m Israel’s CPI rose 0.4% in March Strong shekel wipes out sovereign wealth fund returns Shekel-dollar rate dips below NIS 3/$ Apartment overlooking Jerusalem's Old City sells for NIS 66.3m Hamburger family sells Harel shares for NIS 1.2b AlphaDrive Ventures launches $100m cybersecurity VC fund Yossi Abu steps down as NewMed Energy CEO Surround Ventures completes first closing of second fund Fortissimo sells 35% Sugat stake for NIS 430m Institutions' hedging changes lie behind shekel's strength EDF closes financing for Israel’s biggest solar energy field Check Point slumps on lower guidance Israeli startups raised $1.3b in April Turpaz buys US co in largest ever acquisition
Wiz cofounder: We must change quickly to thwart AI
Shiri Habib-Valdhorn · 2026-06-18 · via Front - Globes

After the huge exit of Wiz, which was acquired by Google for $32 billion, cofounder and CTO Ami Luttwak spoke at the Globes TECH IL Conference to "Globes" High-Tech Editor Assaf Gilead.

"I have to admit that when we founded Wiz in 2020, which wasn't our first startup, we wanted to revolutionize the world of security but I never dreamed it would be this revolutionary. We're very proud that we managed to establish something like this that affects the whole world. Every country in the world uses the product we built," said Luttwak.

What does life look like after the exit?

"It looks the same. This isn't the first company we built, we sold Adallom in 2015. After the exit, nothing changes for me, the aim is still to change the world of security. I still get up in the morning, take a train and the goal is the same goal - in the end, the goal hasn't changed. We realized that the way they approached security was wrong and have been trying to change the path ever since. Everything they did before is irrelevant."

In an interview two months ago, you talked about "dangerous" models and their impact on the known data security mechanisms. That was two months ago. Has the prophecy come true?

"I admit that I didn't understand myself how quickly AI will affect the cybersecurity world. Everyone talks about it, about how quickly and how attacks are undertaken. But there is usually a distance between hype and reality. Most revolutions in history take time to have an impact. In the industry, you feel that everything is changing at a crazy pace, because there is a situation where AI models are better than the best humans in the area of vulnerabilities. This creates a situation where everything we have done to date in cybersecurity needs to change."

The deal with Google and US government bans

You told us in an interview that one of the reasons for saying yes to the deal with Google was Gemini

"You have to remember that the talks were two years ago. When you think about it today, everything is clear. There is not a single software company in the world today, certainly in cybersecurity, that is not asking how it is changing its strategy and building the product around AI. Part of that was that if you took Wiz to the next level, you had to team up with Google and get access to the most amazing AI minds in the world, and that's proving itself. The threats to customers have changed dramatically from what they were two years ago. It's a whole new world, and together with Google we are building the company we dreamed of."

Gemini can also be a tool for offense

"It's like an arms race, every capability will be for both defense and offense. In the end, I think the systems will be more secure, but those who don't respond quickly enough are in trouble. What customers need to do, and we as suppliers need to help, is use the new capabilities really quickly. New models are coming out all the time. We need to organize ourselves so that we are always running with the newest capabilities to find vulnerabilities before the attackers."

What should legacy companies in the cybersecurity world that were established before GPT chat actually do?

"This is an interesting test for any market that AI will really reach and not at the hype level, that is, at a level that changes the actions you take every day. I look at what this means for anyone who existed before AI. Any company that doesn't respond really, really quickly now will be irrelevant, and it will have to respond all the time. By the way, any company, not just cybersecurity."

Fable (which the US government shutdown) may be just the first victim, what do you say about the government's ban?

"AI capabilities give us capabilities that weren't there before. We need to change the perception in many markets and also in cybersecurity, and not have a static wall like a firewall, that won't continue to work. We need to simulate what attackers can do. In our world, systems have to be updated. Until today, it was about a month - the entire software world is built on the fact that there is a month to fix a system if they find a critical vulnerability in it. You run tests, you see that it works. Today, we see that statistics say that attackers take a vulnerability and find how to use it within hours. Organizations must change the way they work, and respond within hours. You need to change the entire way you work, it's not just 'let's use AI,' it's being very reactive."

"Not enough has been done in Israel in the field of AI"

An equally important angle is that the models were banned only for Americans, what are we supposed to think in Israel?

"Ultimately, just as the cloud is infrastructure, models are also critical infrastructure. The more we rely on AI services, the more critical they are for all of us. Right now, the number of products that strategically depend on AI is still small. You need to build infrastructure that will be immune. In the cloud, there is no doubt an Israeli cloud. You need to plan for resiliency. What happens if the data center is damaged, where is it located?"

The question is whether you think the national AI program should include developing a large language model, a supercomputer?

"The questions about where Israel should be are open questions. I don't think we've done enough, I haven't seen any real action taken, and there's really a challenge here for every company and country. I don't have a clear answer, this world is moving so fast that it's hard to predict. It's easy to say we'll invest in infrastructure, but it's very challenging. You just have to respond to everything quickly, that's the truth. There are no absolute answers. You have to prepare yourself to respond, no matter what comes."

Israeli tech is in a challenging situation, layoffs, on the other hand, the number of jobs in the tech industry has grown by 12% and wages are at an all-time high. How do you explain the contradiction?

"Good question. In my opinion, Israeli tech is an incredible miracle and it's a privilege to be a part of it. AI brings with it opportunities but also threats. The entrepreneurial capability in the country is amazing. On the other hand, anyone can build something, you have to reach sales. Historically, there have been many attempts to build and then sell it, that won't work anymore, technical ability alone is no longer enough because anyone can build something for investors in a minute. That's the next challenge."

If Wiz was founded today, would it be just as successful?

"I have no idea. Today it's easier to start and harder to succeed. In a certain sense, it's harder to differentiate yourself, and an important thing for a startup is to rise above the noise. For beginning entrepreneurs, this is a difficult situation. On the other hand, the number of entrepreneurs can be much larger. In practice, building something amazing is easier, but raising significant money is more difficult."

Do you have any advice for beginning entrepreneurs, who are now sitting in a garage and want to build the next Wiz?

"I'll give you some advice and tomorrow it will change. The technological barrier today is smaller and you need to build something technological with a long-term advantage. You need to go straight to your market, start selling, reach sales of millions, and then you have something in hand."

Full disclosure: Globes is grateful to the partners that helped in holding the TECH IL Conference: Phoenix Group, Phoenix ESOP, Ondas Israel, Microsoft Israel R&D, Fischer (FBC), Voicenter, Cyberstarts, and the Israel Innovation Authority.

Published by Globes, Israel business news - en.globes.co.il - on June 18, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.