Google Acquires Cybersecurity Startup Wiz in Landmark $32 Billion Deal

Google Cloud has reached a deal with Wiz to buy cyber security startup.

The tech giant paid 32 billion dollars of cash, which would be subject to the closing adjustment to become the owner of the wise, “said by Google, owned by the alphabet.

After the all-cash byout, after rejecting a bid of $ 23 billion from the alphabet last year, it aims to focus on the antitrust approval and focus on the initial public offering.

According to Google, the cloud cyber security startup will be subject to Google Cloud after the deal is closed. The acquisition is estimated to end in 2026.

Google CEO Sundar Pichai said in a statement, “From its early days, Google’s strong security focus has made us lead people to protect people online.” Together, Google Cloud and WIZ have improved cloud security and improving the ability to use many clouds. ”

Achieving Wiz will help Google Bolster in its cloud business with AI-operated cyber security solutions, which companies use to remove significant risks, helping it help better competing in the industry to benefit from the rise of generative AI services like chatgip.

Wiz CEO Assaf Rappaport said on Tuesday that joining Google Cloud will help Cloud Cyber ​​Security Starts to speed up its work and innovation.

“Being part of Google Cloud is effectively strap a rocket on our back: it will rapidly increase our innovation rate, which we can achieve as a standalone company,” he said.

The Startup, which evaluated $ 12 billion last year, works with Amazon web services, Microsoft’s azure with Google Cloud and counts Morgan Stanley, BMW and Luxury Powerhouse LVMH among its customers.

Post-transaction, wiz will still offer its products on clouds such as AWS, Azure and Oracle Cloud according to Wiz and Google.

Google’s deal with Wiz is the latest purchase of a cyber security firm’s tech veteran, which brought mandatory under his umbrella a few years ago. The deal was $ 5.4 billion.

According to Tuesday’s investor presentation near Google Cloud, other security offerings through Google Threat Intelligence, Google Security Operations and Security Command Center.

Rappaport created Wiz in early 2020 with Ami Luttwak, Yinon Costica and Roy Reznik. It now protects 5 million cloud workloads on a daily basis as part of its business, as part of its business and scans 230 billion files.