Google has agreed to acquire New York-based cloud security startup Wiz with a $32 billion full-speed deal, and is still making its biggest acquisition. The deal, announced Tuesday, aims to strengthen Google’s cloud business as AI-driven security threats become more refined. The acquisition is subject to closure adjustments, and once completed, Wiz will become part of Google Cloud.
This shows Wiz’s shift away from a $23 billion offer from Google just a few months ago. As reported in July, Wiz instead decided to have $1 billion in IPO routes and annual repetitive revenues.
“Google Cloud is a leader in Cloud Infrastructure with AI expertise and a track record of industry-leading security innovation,” the company said in a news release. “By bringing all of this to WIZ, the solution will be even better, more scalable and profitable for customers and partners in all major clouds.”
Wiz posted to X.
wiz❤️Google
Today we announced a Google agreement to acquire Wiz.
Is that big news? absolutely. Does that change our focus? no. We simply get the speed of our mission to empower organizations to adopt AI and the cloud securely.
pic.twitter.com/eybrkc2tdh
– Wiz (@wiz_io) March 18, 2025
“It’s hard to say no to such a humble offer,” Asaph Rappaport, co-founder of Wiz, wrote in a note to employees at the time. Sources said concerns about antitrust scrutiny and investor expectations influenced decisions to curb.
Wiz was founded in 2020 by four Israeli founders, Inon Kostica, Ami Rutwak, Asaf Lapport and Roy Reznik. They sold former security startup Adallom to Microsoft for the reported $320 million in 2015. The startup specializes in cloud-based cybersecurity solutions, helping businesses identify and mitigate critical risks on their cloud platforms.
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Wiz’s platform is used by 15% of Fortune 500 companies. The company is growing rapidly under the leadership of CEO Assaf Rappaport. The company was considering an IPO recently, like in May, when it reached a $12 billion valuation.
The company quickly gained traction in the cloud security space. Within 18 months, the company reached $100 million in annual recurring revenues, providing security tools that help businesses prevent, detect and respond to threats. Its client base includes major companies and is a valuable asset in the competition between Google and Microsoft. This also includes a strong security business.
Google has confirmed that Wiz’s products will continue to be available on other cloud platforms such as AWS, Microsoft Azure, and Oracle Cloud.
