Google is set to acquire cloud security startup Wiz for $32 billion in an all-cash deal, marking its largest acquisition ever and strengthening its cloud security and AI capabilities.
Wiz’s products will remain available on rival platforms like AWS and Microsoft Azure.
Founded in 2020 under Assaf Rappaport, Wiz rapidly grew to $100 million in annual recurring revenue within 18 months.
It specialises in cloud security tools for prevention, detection, and response, helping Google compete with Microsoft in the cybersecurity space.
In July, Wiz declined a $23 billion offer from Google, opting for an IPO and targeting $1 billion in annual revenue before later changing course.
The acquisition aligns with Google’s strategy to expand its cloud business and address rising cybersecurity challenges in the AI-driven digital era.
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