Founded in Israel and now based in New York, Wiz provides cloud-based cybersecurity solutions with real-time threat detection and, of course, artificial intelligence.
Last year, Wiz had sales of around $350 million. In a recent investment round, the company was valued at $12 billion. It has 900 employees.
The founders of Wiz met in the army, specifically in unit 8200, which handles cyber security within the IDF. After leaving the army, they founded a company together (as is common in Israel).
Wiz collaborates and delivers solutions for a number of large companies (it boasts a share of 40% of Fortune 100 companies) such as Amazon or Microsoft.
The acquisition would significantly strengthen Google in the area of cyber security, especially for its cloud business. He has not yet commented on the deal. Two years ago, Google bought cybersecurity firm Mandiant for $5.4 billion.
Some of Google’s biggest acquisitions:
Motorola Mobility: Google bought Motorola Mobility for $12.5 billion in 2012. This acquisition was aimed at strengthening Google’s position in the mobile device market and acquiring Motorola’s patent portfolio.
Nest Labs: Google acquired Nest Labs, which makes smart thermostats and smoke detectors, for $3.2 billion in 2014.
DoubleClick: In 2007, Google bought DoubleClick, a company specializing in Internet advertising, for $3.1 billion.
YouTube: One of the most famous acquisitions, Google bought YouTube for $1.65 billion in 2006. Today, YouTube is one of the largest video platforms in the world.
Looker: Google acquired Looker, a data analytics company, for $2.6 billion in 2019. The acquisition was intended to strengthen Google Cloud.
Fitbit: Google to buy wearable electronics maker Fitbit for $2.1 billion in 2021.
AdMob: Google bought AdMob, a company specializing in mobile advertising, for $750 million in 2009.
Waze: In 2013, Google bought Waze, a navigation and transportation app, for $1.1 billion.
HTC: Google acquired most of HTC’s smartphone division for $1.1 billion in 2017. This acquisition was aimed at strengthening Google’s hardware capabilities.
Apigee: Google bought Apigee, an API management company, for $625 million in 2016.
Source: www.cnews.cz
