Google's Big Bet on Cloud Security

Google has made a huge move in the tech world. They are buying Wiz, a cloud-security company, for a whopping $32 billion. This deal is set to close in 2026, but it needs to get the green light from regulators first. Once it's done, Wiz will become part of Google Cloud. So, why is this deal such a big thing? Well, it's all about making cloud security better and giving businesses more choices. Google has always been big on security. Now, they want to take it up a notch. They want to make sure that businesses and governments can protect themselves from online threats. Plus, they want to make it easier for companies to use different cloud services. This isn't Google's first big purchase. Back in 2012, they bought Motorola Mobility for $12. 5 billion. But this deal with Wiz is their biggest ever. It shows just how serious they are about cloud security. Now, this deal didn't happen overnight. Last year, Google tried to buy Wiz for $23 billion. But Wiz's CEO, Assaf Rappaport, turned it down. He wanted to take the company public instead. Plus, there were concerns about whether the deal would get regulatory approval. The U. S. government has been cracking down on big tech companies, and Google is no exception.But now, it looks like Google and Wiz have worked out their differences. And they're both promising to keep supporting customers across all major cloud platforms. That includes Amazon Web Services, Microsoft Azure, and Oracle Cloud. So, no matter where you're operating, they've got you covered. Wiz is a pretty new company. It was founded in 2020. But it's already made a big splash in the tech world. In May 2024, they raised $1 billion at a $12 billion valuation. That's a lot of money! And they've got some big-name investors backing them, like Andreessen Horowitz and Sequoia Capital. So, what does this all mean? Well, it means that Google is serious about cloud security. And they're willing to spend big bucks to make it happen. It also means that Wiz is a company to watch. They've already turned down a big offer from Google, and they're continuing to grow. So, keep an eye on them. They might just surprise you.