Alphabet, ‘Google’s Parent Company in talks to Acquire Cloud Security Cos Wiz for $23B. The tech giant is about to make its biggest acquisition and the company is in advanced talks to acquire\u00a0Wiz\u00a0for around $23 billion and the deal isn\u2019t finalized.<\/p>\n\n\n\n
Wiz offers an all-in-one approach to cloud security, ingesting data from Amazon Web Services, Microsoft Azure, Google Cloud scanning it all for security risk factors.<\/p>\n\n\n\n
Founded in 2020 and headquartered in New York, Wiz has raised about $2 billion from investors. The company, led by Israeli founder and former Microsoft executive Assaf Rappaport, was most recently valued at $12 billion. Its backers include venture capital firms Sequoia and Thrive. Wiz has research and development facilities in Tel Aviv.<\/strong><\/p>\n\n\n\n Presumably, Alphabet executives see the deal as a way to fortify Google\u2019s cloud business, which grew 28% to $9.57 billion in the first quarter of this year.<\/p>\n\n\n\n Neither Google nor Wiz immediately responded to TechCrunch\u2019s requests for comment.<\/p>\n\n\n\n This report comes just two months after Wiz announced raising a $1 billion Series E at a $12 billion valuation.<\/p>\n\n\n\n Founded four years ago by former Microsoft employees Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, Wiz has raised a total of $1.9 billion.<\/p>\n\n\n\n At the time of its most recent funding, the company said it had $350 million in annual recurring revenue.<\/p>\n\n\n\n The company\u2019s investors include Andreessen Horowitz, Lightspeed Venture Partners, Thrive, Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Alphabet, ‘Google’s Parent Company in talks to Acquire Cloud Security Cos Wiz for $23B. The tech giant is about to make its biggest acquisition and the company is in advanced talks to acquire\u00a0Wiz\u00a0for around $23 billion and the deal isn\u2019t finalized. Wiz offers an all-in-one approach to cloud security, ingesting data from Amazon Web Services, […]<\/p>\n","protected":false},"author":3,"featured_media":3038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[642],"tags":[1052,1055,1056,1057,1053,1058,1059,81,1054],"class_list":{"0":"post-3037","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology-innovation","8":"tag-alphabet","9":"tag-aqisation","10":"tag-cloud","11":"tag-cloud-security","12":"tag-google","13":"tag-googles-cloud","14":"tag-tech-giant","15":"tag-technology","16":"tag-wiz"},"yoast_head":"\n