Google’s $32 billion deal to acquire cybersecurity start-up Wiz is breaking records:
- The largest exit in Israel’s high-tech history
- Google’s biggest acquisition ever
- The largest cybersecurity deal to date
Co-founded by two Technion alumni, Wiz’s success is a testament to the unparalleled impact Technion graduates have on Israel’s economy and innovation culture. Technion alumni have started 729 companies and contributed over $21 billion to Israel’s GDP, cementing Israel’s status as the Startup Nation.
The proposed takeover announced Tuesday is part of Google’s aggressive expansion into cloud computing during an artificial intelligence boom. The frenzy is driving demand for data centers that provide the computing power for AI technology and intensifying the competition in that space among Google and two other tech powerhouses, Microsoft and Amazon.
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Wiz Co-founders CEO Assaf Rappaport and VP of Product Yinon Costica are Technion alumni.
