Alphabet to buy Wiz for US$32 billion in its biggest deal to boost cloud security

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Alphabet to buy Wiz for US$32 billion in its biggest deal to boost cloud security - Channel News Asia

Quick Summary:

Alphabet said on Tuesday (Mar 18) it would buy Wiz for US$32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and Microsoft.

The stock rose about 35 per cent last year, but have lost 13 per cent so far this year on investor worries over its hefty AI investments after the launch of lower-cost DeepSeek.

One of the fastest-growing software startups, Wiz offers cloud-based cybersecurity solutions and was valued at US$12 billion in a funding round last May.