Google Acquires Cybersecurity Firm Wiz For $32B

Google's parent company Alphabet has announced the acquisition of cybersecurity firm Wiz for $32 billion in cash, in its largest deal to date.

The promise to acquire the cybersecurity company cements a deal that fell apart last year after the cloud-computing startup wanted to stay independent.

When the deal closes, Wiz will join the Google Cloud business, the companies said in a statement on Tuesday.

"Google Cloud is the foundation of most engineering revolutions in recent years, helping to redefine cloud, security and AI development," Assaf Rappaport, co-founder and chief executive officer of Wiz, wrote in a blog post. "Google Cloud innovated with its cloud-native security approach, bringing innovations like Zero Trust and Supply-chain Levels for Software Artifacts (SLSA), which now lead the path for many organizations."

It's not clear whether Rappaport and others will remain with the company, or exactly how Wiz will roll into Google Cloud.

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Wiz offers cloud-specific cybersecurity tools that work on many platforms and often in complex cloud environments. It will enable Google’s cloud-computing business to compete with Amazon, Microsoft and others with new security products to offer customers.

Wiz explained in a blog post how the resources and AI expertise will significantly improve on the technology the company has created. It went on to tout Google Cloud's accomplishments such as Kubernetes, which Google Cloud invented. It has become a core part of cloud and cloud native development. 

The acquisition will support customers by bringing together leading cloud security, data, and AI solutions, we will be able to offer more choices and solutions to secure their systems in any major cloud or hybrid environment. Partners will remain integral to the strategy of making Wiz open to organizations of all types and sizes. 

Founded in 2020, Wiz has been supported by large financial investors such as Greenoaks, Sequoia Capital, Index Ventures, Insight Partners and Cyberstarts. The company closed a $1 billion funding round, valued at $12 billion, in May 2024.

The round was led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital. 

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