Google acquires cloud security startup Wiz for $32 billion, its biggest deal ever
Nickie Louise
Posted On March 18, 2025
Google has agreed to acquire New York-based cloud security startup Wiz for a $32 billion all-cash deal, making its biggest acquisition yet. Announced Tuesday, the agreement is aimed at strengthening Google’s cloud business as AI-driven security threats become more sophisticated. The acquisition is subject to closing adjustments, and once finalized, Wiz will become part of Google Cloud.
This marks a shift for Wiz, which just months ago walked away from a $23 billion offer from Google. As we reported back in July, Wiz instead decided on an IPO route and $1 billion in annual recurring revenue.
“Google Cloud is a leader in cloud infrastructure, with deep AI expertise and a track record of industry-leading security innovation,” the company said in a news release. “Bringing all this to Wiz will help make their solutions even better and more scalable, benefiting customers and partners across all major clouds.”
Wiz also shared the news on social media, posting on X: “Today we are announcing Google’s agreement to acquire Wiz. Is it major news? Absolutely. Does it change our focus? Nope. We will only gain velocity on our mission to empower organizations to adopt AI and cloud securely.”
Wiz ❤️ Google
Today we are announcing Google’s agreement to acquire Wiz.
Is it major news? Absolutely. Does it change our focus? Nope. We will only gain velocity on our mission to empower organizations to adopt AI and cloud securely.
— Wiz (@wiz_io) March 18, 2025
“Saying no to such humbling offers is tough,” Wiz co-founder Assaf Rappaport wrote in a memo to employees at the time. According to sources, concerns around antitrust scrutiny and investor expectations influenced the decision to hold off.
Wiz was founded in 2020 by four Israeli founders Yinon Costica, Ami Luttwak, Assaf Rappaport, and Roy Reznik. They sold their previous security startup company, Adallom, to Microsoft for a reported $320 million in 2015. The startup specializes in cloud-based cybersecurity solutions, leveraging artificial intelligence to help companies identify and mitigate critical risks on cloud platforms.
Wiz Team
Wiz’s platform is used by 15% of Fortune 500 companies. The company has seen rapid growth under the leadership of CEO Assaf Rappaport. The company was considering an IPO as recently as May when it reached a valuation of $12 billion.
The company quickly gained traction in the cloud security space. The company reached $100 million in annual recurring revenue within 18 months, offering security tools that help businesses prevent, detect, and respond to threats. Its client base includes major enterprises, making it a valuable asset in Google’s competition with Microsoft, which also has a strong security business.
Google confirmed that Wiz’s products will continue to be available on other cloud platforms, including AWS, Microsoft Azure, and Oracle Cloud.
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