Summary * Wiz's more unified platform gives it a notable advantage over Palo Alto Networks' Prisma Cloud. However, the gap has narrowed recently thanks to the Darwin release of Prisma Cloud. * Wiz has aggressively pursued agent capabilities -  a stark contrast to the vendor's pure agentless stance 1-2 years ago. This is supportive for Prisma Cloud's blended approach to cloud security. * Wiz's valuation is very high but the $12bn valuation could be sustained if the vendor reaches $600m ARR in