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Story summary
- Raftt Systems Ltd., a startup, filed a NIS 200 million lawsuit against Wiz, a cloud security company, for misrepresentation of an acquisition deal.
- Raftt asserts Wiz announced the acquisition in December 2023, but no formal agreement or shareholder payment occurred; Wiz paid $15 million to founders and hired Raftt's employees.
- The lawsuit seeks damages and a ruling that Raftt owns the technology rights, while Wiz denies the allegations.
