Live Markets, Charts & Financial News

Orca Security alleges Wiz copied its technology

0 20

Israeli company Orca Security A suit has been filed against the Israeli competitor Wiz It is prohibited to sell products that Orca claims infringe its patents.

Orca Security, which has developed a platform for cloud security, is suing rival Unicorn Wiz, which was founded by ex-Microsoft employees including CEO Assaf Rappaport, the former CEO of Microsoft Israel.

In the lawsuit filed in the US court of Delaware, Orca Security claims that Wiz built its business on the knowledge infrastructure it first developed and in this way knowingly violated its IP address.

As part of the lawsuit, Orca is demanding that Wiz cease offering all products and services that infringe its IP as well as pay monetary compensation for Wiz’s profits for the use of its patents.

Orca: Wiz hired the same lawyers who filed our patents

At the heart of its suit, Orca Security claims, “Wiz has built its business on a simple business plan: to copy Orca.” Orca charges that over the years Wiz has focused on copying its technology rather than developing its own innovation. The suit also explains that Wiz’s alleged behavior included, in addition to copying its technology, copying marketing materials, and hiring the same attorneys who worked on its patents. In addition, Orca claims that the late patent filed by Wiz in December 2020, is very similar to the Orca patent filed in 2019, as the patents were filed by the same attorney.

In recent weeks, Orca received final approval from the patent registrar in a process that began in 2019, and is now suing Wiz for infringement of its patent.

Founded in 2019, Orca Security has developed side-scanning technology to secure enterprise assets in the cloud. When it was incorporated, the company began taking steps to protect the technology it had developed by filing patents. At the time, the founders of Wiz were still working at Microsoft.

Wiz, which was founded in March 2020, raised $300 million in February at a $10 billion company valuation. At the time, Rappaport insisted that he would not bring the money into Israel “because of the judicial reform.”

Orca Security said: “Orca does not comment in the media on its lawsuit.”

“We were surprised to discover Orca’s unsubstantiated claims through the media,” Weese said. “Instead of dealing with the competition and earning customers’ trust, the company appears to be taking the desperate step of filing a lawsuit.”

Published by Globes, Israel business news – en.globes.co.il – on July 12, 2023.

© Copyright Globes Publisher Itonut (1983) Ltd., 2023.


Leave A Reply

Your email address will not be published.