Google parent company Alphabet on Tuesday confirmed its $32 billion acquisition of Israeli cloud security firm Wiz, making it the tech giant’s largest deal to date.

The move aims to strengthen Google Cloud’s security offerings amid growing competition from AWS and Microsoft.

Founded in 2020, Wiz has rapidly expanded, generating $500 million in annual recurring revenue and serving nearly half of the top 100 U.S. companies. Despite joining Google Cloud, Wiz’s security products will remain available on other platforms, including AWS and Azure.

Move aims to strengthen Google Cloud’s security offerings amid growing competition from AWS and Microsoft{ai:summary}<p>Alphabet has confirmed its $32 billion acquisition of Israeli cloud security firm Wiz, marking its largest deal to date. This acquisition aims to bolster Google Cloud's security capabilities in response to increasing competition from AWS and Microsoft.</p><p>Wiz, founded in 2020, has quickly grown, generating $500 million in annual recurring revenue and serving nearly half of the top 100 U.S. companies. Its security products will continue to be available on other platforms, including AWS and Azure. #technology</p>

Google to buy Israeli startup Wiz for $32B

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