Alphabet Acquires Israeli Cybersecurity Firm Wiz for $32 Billion

Alphabet, Google's parent company, has announced its acquisition of Israeli cybersecurity startup Wiz for $32 billion, marking its largest acquisition to date. This strategic move aims to bolster Google's position in the competitive cloud services market, as it seeks to rival industry leaders Microsoft and Amazon.

Founded in 2020 by former members of Israeli intelligence, Wiz quickly gained recognition for its security solutions that evaluate data stored on cloud platforms such as Amazon Web Services and Microsoft Azure. The acquisition follows a previous $23 billion bid that Wiz rejected last summer, primarily due to concerns about regulatory approval. As part of the deal, Alphabet will pay a $3.2 billion breakup fee if the transaction does not finalize, underscoring its commitment to this acquisition amid regulatory scrutiny.

Wiz will maintain its brand and operate independently within Google Cloud, similar to Microsoft’s management of LinkedIn. The company currently generates around $750 million in annual revenue, with projections suggesting it could exceed $1 billion under Google’s ownership, according to analysts.

Sundar Pichai, Google's CEO, highlighted the acquisition's potential to enhance cloud security solutions, stating that businesses need stronger and more accessible security measures as they increasingly adopt cloud technologies. The deal is expected to close in 2026, pending regulatory approval, and reflects Alphabet’s goals to diversify its business beyond traditional advertising revenues.