Google is reportedly in advanced talks to acquire the cybersecurity firm Wiz for $23 billion, which would be its largest acquisition ever. Wiz is an Israeli cybersecurity startup founded in 2020 that provides cloud security services to help companies monitor their cloud infrastructure and detect threats. Wiz had been planning an IPO earlier this year when it reached a $12 billion valuation in May 2024. Acquiring Wiz would help Google expand its own cybersecurity capabilities as threats increase from state actors and criminals. Google previously acquired the cybersecurity company Mandiant for $5.4 billion in 2022.
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00:00It's Benzinga, and here's what's on the block.
00:03Google is reportedly in advanced talks to acquire the cybersecurity firm Wiz for $23
00:07billion, which would be its largest acquisition ever.
00:11Wiz is an Israeli cybersecurity startup founded in 2020 that provides cloud security services
00:16to help companies monitor their cloud infrastructure and detect threats.
00:20Wiz had been planning an IPO earlier this year when it reached a $12 billion valuation
00:25in May 2024.
00:27Acquiring Wiz would help Google expand its own cybersecurity capabilities as threats
00:31increase from state actors and criminals.
00:33Google previously acquired the cybersecurity company Mandiant for $5.4 billion in 2022.
00:39For all things money, visit Benzinga.com.