Wiz CEO Assaf Rappaport refused a $23B offer – then sold for $32B

Google wraps up $32B acquisition of cloud cybersecurity startup Wiz | TechCrunch –:–:–:– TechCrunch Founder Summit 2026: Last day for ticket savings of up to $300. Register Now. Save up to $680 on your Disrupt 2026 pass. Ends 11:59 p.m. PT tonight. REGISTER NOW . Close Image Credits: Gabby Jones/Bloomberg / Getty Images Security Google wraps up $32B acquisition of cloud cybersecurity startup Wiz Rebecca Bellan 5:56 AM PDT · March 11, 2026 Google has officially acquired Israeli cybersecurity firm Wiz for $32 billion in cash, a full year after the companies announced the deal . This marks Google’s biggest acquisition in its history. Wiz provides a security platform that protects major cloud environments by preventing and responding to cybersecurity threats. While the company will join Google Cloud, it will maintain its brand and commitment to securing customers across all cloud environments, the company said. The deal comes after Wiz crossed $1 billion in ARR in 2025, according to a source familiar with the matter. “This acquisition is an investment by Google Cloud to improve cloud security and enable organizations to build fast and securely across any cloud or AI platform,” reads a statement from Google. As large organizations increasingly work across different clouds — including Google Cloud, AWS, Azure, and Oracle Cloud — having Wiz onside is a clear move by Google to win more enterprise clients with a multi-cloud security platform. Together, the two companies will work on delivering a “unified security platform” to help organizations deal with threats faster — an essential task as the rise of vibe coding has resulted in an increase in security vulnerabilities and prompt-based attacks become more commonplace. Wiz has leaned into its own use of AI to improve threat detection and investigation at every layer of a cloud’s environment, from code and infrastructure to runtime. Google initially approached Wiz in 2024 with an offer to buy the startup for $23 billion. Wiz walked away from that offer . Its CEO Assaf Rappaport said, at the time, that he felt the business could grow to be a lot bigger than that. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now to save up to $400. Save up to $300 or 30% to TechCrunch Founder Summit 1,000+ founders and investors come together at TechCrunch Founder Summit 2026 for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediately Offer ends March 13. San Francisco, CA | October 13-15, 2026 REGISTER NOW Google and Wiz revived acquisition talks in the first few months of 2025 , and Google announced it was buying Wiz for $32 billion in March 2025. The deal comes after it received approval from U.S. and European Union regulators in November 2025 and February 2026 , respectively, following antitrust probes. This story has been updated with more information about the deal and Wiz’s 2025 financials. Topics cybersecurity , Google , google cloud , Mergers and Acquisitions , Security , Startups , wiz Rebecca Bellan Senior Reporter Rebecca Bellan is a senior reporter at TechCrunch where she covers the business, policy, and emerging trends shaping artificial intelligence. Her work has also appeared in Forbes, Bloomberg, The Atlantic, The Daily Beast, and other publications. You can contact or verify outreach from Rebecca by emailing [email protected] or via encrypted message at rebeccabellan.491 on Signal. View Bio June 9 Boston, MA Actively scaling? Fundraising? Planning your next launch? TechCrunch Founder Summit 2026 delivers tactical playbooks and direct access to 1,000+ founders and investors who are building, backing, and closing. Register by March 13 to save up to $300. REGISTER NOW Most Popular DOGE employee stole Social Security data and put it on a thumb drive, report says Lorenzo Franceschi-Bicchierai Meta acquired Moltbook, the AI agent social network that went viral because of fake posts Amanda Silberling Google rolls out new Gemini capabilities to Docs, Sheets, Slides, and Drive Aisha Malik Yann LeCun’s AMI Labs raises $1.03B to build world models Anna Heim Anthropic launches code review tool to check flood of AI-generated code Rebecca Bellan A roadmap for AI, if anyone will listen Connie Loizos OpenAI hardware exec Caitlin Kalinowski quits in response to Pentagon deal Anthony Ha Loading the next article Error loading the next article