Google parent in talks to buy cybersecurity startup Wiz for $23 billion

NEW YORK: Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter said on Sunday, in a deal that would represent the technology giant’s biggest acquisition ever.

The deal, being funded mostly in cash, could come together soon, the source added, speaking on condition of anonymity. Wiz, founded in Israel and now headquartered in New York, is one of the fastest-growing software startups globally, providing cloud-based cybersecurity solutions with real-time threat detection and responses powered by artificial intelligence.