Google’s Parent Company to Buy Cybersecurity Startup Wiz for $32 Billion

Google will acquire Wiz to enhance cloud security, expand multi-cloud support, and strengthen its AI-driven cybersecurity capabilities.

The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, Calif., on Aug. 13, 2024. Reuters/Manuel Orbegozo

Google and its parent company Alphabet Inc. announced a definitive agreement to acquire Wiz Inc., a leading cloud-security firm, in an all-cash transaction valued at $32 billion, according to a company press release on March 18.

The acquisition, once finalized, will mark Google’s largest purchase in its 25-year history and is expected to bolster its Google Cloud business amid the growing demand for cybersecurity solutions in the AI-driven cloud era.