
Google has signed a “definitive agreement” to acquire New York-based cloud security startup Wiz for $32 billion in an all-cash transaction. This marks Google’s largest acquisition to date and is aimed at strengthening its security technology amid growing cybersecurity challenges and the rise of artificial intelligence. Wiz will join Google’s cloud business, with the deal expected to close in 2026.
Google highlighted its leadership in cloud infrastructure and AI expertise, emphasizing that integrating Wiz’s solutions will enhance scalability and security for customers and partners across all major cloud platforms.
This acquisition comes after Wiz previously backed out of a potential $23 billion offer from Google last year, opting to pursue an IPO instead. However, the IPO market has remained slow, and tech companies are hopeful that the change in administration could pave the way for larger acquisitions. A source revealed that antitrust and investor concerns contributed to Wiz’s decision to walk away from the deal.
Wiz, founded in 2020 by Assaf Rappaport, rapidly grew, hitting $100 million in annual recurring revenue within just 18 months. The company specializes in cloud security, offering prevention, active detection, and response products, which have attracted large firms. The acquisition will allow Google to better compete with Microsoft in the cloud security space.
Rappaport expressed excitement about the acquisition, stating that joining Google Cloud would significantly accelerate Wiz’s innovation. Prior to this deal, Google’s largest acquisition was the $12.5 billion purchase of Motorola in 2012.
Wiz’s products will continue to be available on other platforms, including Amazon Web Services, Microsoft Azure, and Oracle Cloud, as part of the agreement.