Google acquired the Israeli cybersecurity firm Wiz for $32 billion, its largest acquisition to date, as part of its strategy to compete against Microsoft and Amazon in cloud computing and AI. The deal follows a previous rejection of a $23 billion offer from Google. Wiz, founded by alumni of Israel's military intelligence Unit 8200, developed a successful security platform used by over 40 Fortune 100 companies since its launch in 2020. Despite ongoing FTC scrutiny, the acquisition has drawn enthusiasm from the tech and venture capital sectors.
Wiz, an Israeli cybersecurity firm, was recently acquired by Google for $32 billion, marking Google's largest acquisition to date and impacting cloud and AI competition.
Wiz's founders, each from Israel's military intelligence Unit 8200, successfully established the firm in 2020, addressing security issues in cloud computing.
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