Google parent Alphabet is reportedly in talks to acquire Israeli cyber security startup Wiz for around $23 billion, which would represent the company’s biggest ever acquisition.
Wiz was founded in Israel and is now headquartered in New York, and provides cloud-based cyber security with “real-time” threat detection using artificial intelligence.
Wiz generated around $350 million in sales last year, and says it already works with 40% of Fortune 100 companies. It recently raised $1 billion in a private funding round that valued the company at $12 billion.
Wiz customers include Microsoft, Amazon, Morgan Stanley, BMW, IHG, and DocuSign, and it employs about 900 across the US, Europe, Asia, and Israel.
Before Google stepped in, Wiz was reportedly planning for an IPO. Neither company has so far commented on the potential deal.
