Alphabet to Acquire Cybersecurity Startup Wiz for $32 Billion, Largest Tech Acquisition Ever

Alphabet, Google's parent company, has agreed to acquire Wiz, an Israeli cybersecurity startup, for $32 billion. This marks the largest acquisition in the history of the technology sector for Google. Wiz, founded in 2020, specializes in cloud security solutions and threat detection using artificial intelligence. The acquisition aims to enhance Google Cloud's capabilities in cybersecurity. Wiz's co-founders previously established Adallom, which was acquired by Microsoft in 2015. Wiz serves approximately 40% of Fortune 100 companies, including Amazon and Microsoft.