Israeli cybersecurity giant Wiz will be transferring its funds out of Israel due to concerns over the new government's proposed judicial reform, the company announced this week.
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The funds will be transferred to bank accounts around the world, Wiz said in a statement.
The company was among the leading Israeli tech firms that held a warning strike last week in protest of the overhaul, claiming it could severely hamper Israel's standing as a tech hub.
Wiz is the third company to withdraw holdings from Israel, following in the footsteps of high-tech company Papaya Global and Disruptive Technologies Venture Capital.
The move triggered fears of more companies choosing to do the same.
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