Google, Wiz, Acquisition

Google negotiating $23 billion acquisition of Wiz

Wall Street Journal: Google parent Alphabet is looking to purchase the Israeli cybersecurity company in what would be its largest acquisition ever. 

(Photo: VDB Photos/ Shutterstock)

Google parent Alphabet is reportedly in advanced negotiations to acquire Israeli cybersecurity startup Wiz for approximately $23 billion, according to the Wall Street Journal. If finalized, this would be Google's largest acquisition to date and the largest exit in Israeli tech history.

Wiz, a cloud security decacorn, announced two months ago that it had raised $1 billion at a $12 billion valuation, bringing its total funding to $1.9 billion.

Wiz secured the biggest funding round in Israeli tech history shortly after acquiring Israeli startup Gem Security, a Cloud Detection and Response (CDR) provider. This was Wiz’s second acquisition since its launch in 2020, following the acquisition of Israeli startup Raftt, a cloud-based developer collaboration platform, last December.

* Calcalist contributed to this report

Google Technology

Comments

Do not send comments that include inflammatory words, defamation and content that exceeds the limit of good taste.

The comment was sent successfully.
Soon the response will be examined by our editors and if it is found to be correct it will be published on the website.
The comment was sent successfully.
Soon the response will be examined by our editors and if it is found to be correct it will be published on the website.


All because of Eli Feldstein, PM office to add AI division

Knesset approves bill to establish alternative intelligence department under Prime Minister’s Office
5
| Eliana Fleming, JFeed Staff | 20.11.24

Tel Aviv University, Medical Breakthrough, Cancer research

Tel Aviv University Researchers Uncover Cancer Mechanism that Could Eradicate Tumours
Eliana Fleming, JFeed Staff | 30.10.24

Iranian Hackers, threats on Israel, Home Front Command

Foreign hacktivists impersonate Home Front Command to infiltrate Israeli phones
Eliana Fleming | 29.10.24

Apple Event, New gadgets and technology features, AI

Live Updates from Apple Event: Introducing Apple Watch Series 10 and Anticipated iPhone 16
Eliana Fleming | 09.09.24

Google, Monopoly, US Dept of Justice

Could Google be broken up?
Avi Nachmani | 15.08.24