Google�s parent company, Alphabet, has reached a deal to acquire Israeli-founded cybersecurity firm Wiz for a record-breaking $32 billion, according to a report by the Financial Times. The deal marks the largest acquisition in Israel�s tech history, surpassing Intel�s $15.3 billion purchase of Mobileye in 2017. It is also Google�s biggest acquisition to date, more than doubling its previous record purchase of Motorola Mobility for $12.5 billion in 2012.
Founded in early 2020, Wiz has rapidly emerged as a leader in cloud security, offering AI-driven solutions to protect businesses from cyber threats. The company last secured a $12 billion valuation in May 2024 after raising $1 billion in its latest funding round.
The acquisition comes amid growing concerns over cybersecurity as businesses increasingly migrate to cloud-based infrastructure. Wiz�s technology is designed to secure digital environments by detecting vulnerabilities and threats before they can be exploited. The shift to hybrid work models and cloud-based operations has made cybersecurity a top priority for enterprises, fueling demand for Wiz�s solutions.
This strategic acquisition is expected to bolster Google�s cloud security offerings, positioning it more competitively against rivals such as Microsoft and Amazon in the rapidly expanding cloud computing market.
(YWN World Headquarters – NYC)
Join the official YWN WhatsApp status
One Response
Just so you understand, a very small group of people in Tel Aviv are responsible for the vast majority of tax revenue. This is what pays for the country’s needs – including the budgets for the Torah world. It behoves us to have a little hakaras hatov.