Google confirms buying Israel’s Wiz for $32 billion, in tech giant’s largest-ever acquisition

Google’s parent company, Alphabet, agrees to buy Israeli-founded cybersecurity unicorn Wiz in a cash deal for a staggering $32 billion.

The deal, the largest-ever purchase of an Israeli tech company, is hailed across Israel as a sign of the country’s technological prowess and resilience during the war period.

It marks the largest deal in Israeli tech after US giant Intel Corp bought Mobileye, a Jerusalem-based developer of advanced vision and driver assistance systems, for $15.3 billion back in 2017. For Google, it is the largest acquisition the search giant has ever made, more than double its record purchase of Motorola Mobility for $12.5 billion in 2012.

As part of the deal, Wiz will join Google’s Cloud division.

“From its earliest days, Google’s strong security focus has made us a leader in keeping people safe online,” says Google CEO Sundar Pichai. “Today, businesses and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers.”

“Together, Google Cloud and Wiz will turbocharge improved cloud security and the ability to use multiple clouds,” Pichai adds.

In May, Wiz, which says that its cyber platform is tailored to secure everything developers build and run in the cloud, was valued at $12 billion after closing its last funding round of $1 billion.