Google's parent company, Alphabet, is discussing acquiring Wiz, the all-in-one cloud security platform, for approximately USD 23 billion.
The potential acquisition underscores Google's increased focus on cybersecurity and its efforts to bolster its cloud computing business, Google Cloud, to better compete with rivals like Microsoft and Amazon. Through this acquisition, Wiz would allow Google to strengthen its cloud security offerings and cater to the growing demand for cybersecurity measures as more companies shift their data and operations to the cloud.
Wiz recently raised USD 1 billion in Series E funding with a post-money valuation of USD 12 billion to drive acquisitions, further develop its products, and expand its team.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.