Alphabet, Google’s parent company, is reportedly in advanced talks for a potential $23 billion acquisition of cybersecurity startup Wiz, which could be its largest acquisition to date.
According to The Wall Street Journal, the deal with Wiz, known for its comprehensive approach to cloud security across multiple platforms, including Amazon Web Services, Microsoft Azure, and Google Cloud, is nearing finalization. This strategic move aims to strengthen Google’s cloud business, which showed significant growth in the first quarter of this year.
While there has been no official confirmation from Google or Wiz yet, the potential acquisition highlights Alphabet’s commitment to expanding its cloud security capabilities.
Wiz, founded by former Microsoft employees, recently raised a substantial amount in funding and has been on an impressive growth trajectory. With plans for further expansion and potential IPO in the future, joining forces with Alphabet could alter its course significantly.
Notable investors in Wiz include Andreessen Horowitz, Lightspeed Venture Partners, and Sequoia Capital, among others, adding to the anticipation surrounding this potential acquisition.
