Google near deal to acquire cybersecurity startup Wiz for $23 billion - WSJ
), the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for about $23 billion, the Wall Street Journal reported Sunday, citing people familiar with the matter. If the deal is finalized, it will be the company’s largest ever acquisition.
Wiz posted annual recurring revenue of $350 million in 2023, up from $100 million in its first 18 months after its founding in 2020 by CEO Assaf Rappaport. Wiz was one of the rare startups outside of AI to raise capital at a higher valuation in 2024. Many startups are suffering from a tech boom hangover fueled by the low-interest rate environment.be nearly double the value of Google’s largest deal to date, a $12.5 billion takeover of Motorola Mobility in 2012. Meanwhile, its second-largest acquisition to date was a $5.
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