Tuesday news, Google’s Israeli cyberecurity firm Wiz will earn $ 32 billion in several fronts. The agreement assuming that it is closed will be the biggest thing in Google history. And this is the greatest performance in the history of Israel.
“Being a part of Google Cloud, it effectively hits our back,” Wiz CEO Typed Rappaport blog posted. “[I]T will speed up our speed of innovation than we can achieve as an independent company. “
It also notes the closeness of a five-year-old chapter that develops a rapidly for the company. In January 2020, Assaf Rappaport, Yinon Costica, Roy Rear and Ami Luttwak, Wiz quickly raised, because pandemic compulsory companies and employees exploded in popularity in popularity. And as a hybrid work continues, the company is expanding.
An iPo on the ice
In total, Wiz, Wiz, was a unicorn with a $ 1.7 billion assessment. By October 2021, its assessment was thrown for $ 6 billion and from February 2023 to $ 10 billion. Last May, the company collected $ 1 billion in finance that gave him a $ 12 billion assessment.
As Wiz’s luck rose, therefore has reputed. The company’s researchers warned a number of cloud vulnerabilities in the Microsoft’s Azure Cloud system and warned everything from Oracle and IBM to cloud systems. In January, he raised a red flag on Deepseek, announced a significant sensitive information of the Chinese AI system.
The company has been in Google’s radar for a while. Last year, the alphabet offered $ 23 billion to get Wiz, but was rejected. Instead, Wizin founders planned to chase an IPO. “No modest proposal for such modest proposals said,” Rappaport wrote in a memorial time taken by CNBC.
The action was a calculated gambling. Wiz officials were approved by Google’s leading leading by leading, then it was confirmed by the fact that Google’s installment of the Federal Trade Commission will be approved by the regulators after his antitrust court.
However, the IPO market was greeted against most technological companies over the past few years. Wiz aimed to reach $ 1 billion / billion for annual recurring income before the list of a net room giving a net room, but market conditions have not improved in the last two months.
Among the change of white house administrations that change the feeling of this exchange rate and regulation, Wiz began to reconsider the choices of Wiz.
Why regulators can leave it to each other
Although Google has still faced a possible split after a judgment, the company will be an illegal monopoly in August, the Justice Department, I pushed the company’s boost to sell EU investments. Tuesday’s deal can signal the impetus that the antitrest will not face at the same level as the antitrest’s investigate in 2024.
Part of Wiz’s success can be affordable in the Google purchase of antitrust regulators. The company is a very cloudy platform locally. Google, Microsoft, Amazon, Oracle and more works equally well over offers in many more offers.
It also does not force customers to use the Google Cloud as it can provide business loads on both a security game and the AI ​​infrastructure and many platforms.
“Wiz and Google Cloud are both easier, more accessible, smart and democratic in cloud, so that the cloud and AI can be reliable and can be reliable,” Wiz CEO wrote in the AssAF Rappaport Blog post. “We both believe that Wiz should be a platform for a lot of platform, we will continue to be a leading platform along any cloud. We will still work closely with our great partners in AWS, AZURE, Oracle and the whole industry.”
The agreement is expected to be closed in 2026, and the regulation is expected.