Google’s parent company, Alphabet, is in advanced talks to buy Israeli cybersecurity firm Wiz for around $23 billion, in what would be the US tech giant’s largest deal ever.
The Wall Street Journal reported on Sunday that the megadeal may close soon, citing sources close to the discussions.
Reuters reported Sunday that the Wiz acquisition would mainly be funded in cash. Sources stressed that while the deal is not finalized, it is likely to close.
Wiz, one of the fastest-growing cybersecurity software startups in the world, was founded in Israel in 2020 and is now headquartered in New York. The firm, which was last valued at $12 billion, provides cloud-based cybersecurity technology with real-time threat detection and responses powered by artificial intelligence. The valuation came after the company in May raised $1 billion in a funding round that included contributions from Andreessen Horowitz, Lightspeed Venture Partners, Sequoia Capital and several other Silicon Valley venture capitalist firms.
