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Alphabet to acquire Wiz for USD 23 billion to expand cloud security offerings
Next-gen Cybersecurity
Jul 15, 2024
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Next-gen Cybersecurity

Next-gen Cybersecurity

Jul 15, 2024

Alphabet to acquire Wiz for USD 23 billion to expand cloud security offerings

M&A

  • 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.

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