In a landmark move, Google’s parent company, Alphabet, has officially confirmed its largest acquisition to date — acquiring cloud security giant Wiz for a staggering $32 billion in an all-cash deal. The acquisition marks a significant step in Google push to dominate the enterprise cloud and cybersecurity space, as competition with AWS and Microsoft Azure intensifies.
Interestingly, Wiz will continue operating as an independent platform, maintaining its multi-cloud capabilities across providers — not just Google Cloud. The plan includes expanding Wiz’s team and possibly pursuing further acquisitions, which the startup has already been exploring over the past year.
Sources close to the deal revealed that Wiz has reached $700 million in annual recurring revenue (ARR), a figure that highlights its rapid growth trajectory. This deal is already drawing comparisons to Microsoft’s LinkedIn acquisition, especially in terms of Wiz maintaining autonomy within the broader Google ecosystem. However, as with LinkedIn’s gradual integration with Microsoft’s services, Wiz may eventually deepen ties with Google Cloud over time.
Pending regulatory approval, this acquisition surpasses Google’s previous record-breaking deal — its 2011 purchase of Motorola Mobility for $12.5 billion.
Interestingly, this acquisition has been on and off for nearly a year. Talks reignited this week, with final negotiations settling at $32 billion — slightly above the earlier $30 billion offer. In fact, Google first approached Wiz in 2023 with a $23 billion offer, but the deal collapsed over concerns related to antitrust scrutiny, pricing, and Wiz’s need for autonomy.
Google Cloud CEO Leads the Charge in Securing the Deal
Leading the deal from Google’s side is Thomas Kurian, CEO of Google Cloud, while Assaf Rappaport, CEO of Wiz, is currently overseeing operations from Israel. Once finalized, Wiz will report directly under Kurian, signaling a strong strategic push into cybersecurity for the Google Cloud division.
In a statement today, Kurian emphasized the growing importance of cybersecurity:
“Google Cloud and Wiz share a joint vision of making cybersecurity more accessible and easier for organizations of all sizes. With Artemis, we aim to help companies prevent cyber threats, especially in complex business environments, reducing cost and disruption.”
The timing of the acquisition is notable, given the broader industry shift. AI adoption and cloud services have exploded, drastically reshaping cybersecurity needs. Google highlighted that AI’s growing influence has made cybersecurity critical for national security and risk management.
A Major Win for Wiz Investors as Valuation Doubles
The deal also delivers a massive windfall for Wiz’s investors, including Sequoia Capital, Salesforce Ventures, Thrive Capital, Index Ventures, Cyberstarts, and Greenoaks. Notably, the $32 billion price tag doubles Wiz’s most recent $16 billion valuation from a secondary sale held in 2024.
Wiz’s origins are also worth noting — its founding team previously sold a cloud security startup to Microsoft, which later became central to Azure’s cloud security offerings. With this background, Wiz has remained a dominant player, consistently outperforming expectations. It crossed $500 million in ARR last year and is projected to hit the $1 billion milestone this year.
Interestingly, during a 2023 appearance at TechCrunch Disrupt, Rappaport hinted at acquisition possibilities but confirmed it was Wiz that initially walked away from Google’s offer — calling it “the toughest decision ever” but ultimately “the right choice.”
That decision appears to have paid off handsomely.
With regulatory review still pending, all eyes are now on how this blockbuster deal will reshape the cloud security landscape and what it signals for Google’s broader ambitions — not just in cloud but also in protecting AI-driven digital infrastructure.
An investor call is scheduled later today, where more details about the Google Wiz acquisition are expected.
