Indice dei contenuti
- From rejection to record: Wiz’s billion-dollar bet pays off
- A strategic fit: Wiz joins Google Cloud
- VC firms hit the jackpot with this exit
- Cloud and cyber security: a powerful alliance
- A shared mission to protect the modern enterprise
From rejection to record: Wiz’s billion-dollar bet pays off
In the summer of 2023, Wiz made headlines by rejecting a $23 billion offer from Google, preferring to focus on the IPO and organic growth to reach $350 million in recurring revenues by the end of 2024.
A risky but apt bet: a few months later, Alphabet, the holding company that controls Google, upped the ante and signed a deal to acquire Wiz with a $32 billion valuation, making it one of the most significant deals in the history of the cyber security cloud.
A strategic fit: Wiz joins Google Cloud
Founded in 2020 by Assaf Rappaport, Yinon Costica, Ami Luttwak, and Roy Reznik, Wiz quickly became a leading name in cloud security, offering an intuitive platform that connects with all major cloud providers and code environments. The team had already proven its ability back in 2012 with Adallom, later acquired by Microsoft in 2015.
Now, Wiz will become part of Google Cloud, leveraging Google’s infrastructure, innovation and AI expertise to scale faster and deliver even more powerful solutions to a broader customer base.
VC firms hit the jackpot with this exit
This acquisition is not just a milestone for Wiz but also a windfall for its investors. In May 2024, the company raised $1 billion in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital, with a valuation of $12 billion.
Less than a year later, the $32 billion buyout marks an extraordinary return, confirming the appeal of the cyber security sector in the eyes of top-tier VCs.
Cloud and cyber security: a powerful alliance
The deal underlines how cyber security and cloud computing are merging into a powerful force. As companies and governments accelerate their cloud adoption, and AI transforms the way systems are protected, cloud-native security is becoming essential to national and organizational resilience.
Google CEO Sundar Pichai emphasized the company’s long-standing commitment to safety, noting that businesses now demand stronger and more flexible cloud security solutions.
Together, Wiz and Google Cloud aim to lead this evolution by offering better protection across multi-cloud environments.
A shared mission to protect the modern enterprise
Wiz CEO Assaf Rappaport described it as an “exciting moment” not only for his company, but above all for customers and partners. The combination with Google Cloud will allow Wiz to further its mission of protection by leveraging greater resources and Google’s expertise in AI.
Thomas Kurian, CEO of Google Cloud, emphasized that this move is designed to help even the most complex organizations prevent cyberattacks, minimizing disruptions and financial damage.
The goal is to offer tailor-made cyber security for businesses of all sizes, ensuring long-term safety and stability.
