Wiz: The $32 Billion Google Acquisition That Redefined Israeli Cybersecurity

Wiz is the Tel Aviv-founded cloud security company that Google acquired on March 11, 2026 for $32 billion in all-cash consideration — the largest cybersecurity acquisition in history, the largest single acquisition Google has ever made, and the largest exit any Israeli technology company has ever recorded. Founded in March 2020 by four IDF Unit 8200 alumni — Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik — Wiz reached $100 million in annual recurring revenue in 18 months, faster than any software company in the history of the category. This is the canonical company profile.

Company Snapshot

• Legal entity: Wiz, Inc.
• Founded: March 2020
• Co-founders: Assaf Rappaport (CEO), Ami Luttwak (CTO), Yinon Costica (VP Product), Roy Reznik (VP R&D)
• Headquarters: New York and Tel Aviv (dual)
• Principal engineering site: Tel Aviv
• Google acquisition announced: March 18, 2025
• Google acquisition closed: March 11, 2026 — $32 billion all cash
• Category: Cloud-Native Application Protection Platform (CNAPP); agentless cloud security
• Last independent ARR disclosure: approximately $700+ million at close (up from $500M mid-2024, $350M in 2023, $100M by 2022)
• Total funding raised as an independent company: ~$1.9 billion across six rounds
• Peak private valuation: $12 billion (Series E, May 2024)
• Employees at close: approximately 1,800
• Customer base: 45+ percent of the Fortune 100, including LVMH, BMW, Slack, Fox, Morgan Stanley, and DocuSign

What Wiz Does

Wiz built the Cloud-Native Application Protection Platform (CNAPP) category. The core product scans cloud environments across AWS, Microsoft Azure, and Google Cloud Platform for security vulnerabilities, misconfigurations, exposed secrets, and attack paths — without deploying agents inside customer workloads. The agentless architecture was the defining technical bet.

The platform organizes findings around the Wiz Security Graph, a unified data model that maps every asset, identity, network configuration, and vulnerability across a customer's cloud footprint into a queryable graph. Security teams identify the toxic combinations that create actual attack paths — a public-facing container with an exposed IAM role that reaches sensitive data — instead of drowning in disconnected alerts. Wiz's category-defining move was collapsing what had been six or seven separate products (CSPM, CWPP, CIEM, DSPM, container security, IaC scanning, vulnerability management) into one platform organized around the graph.

The product suite as of the March 2026 close spans:

• Wiz Cloud — the foundational agentless CNAPP with unified visibility across cloud posture, workloads, identity, data, and vulnerabilities
• Wiz Code — code-to-cloud security scanning across IaC, container images, and application code
• Wiz Defend — runtime cloud detection and response, launched 2024
• Wiz for AI Security — AI-BOM discovery and AI workload security, launched through the 2024–2025 product cycle in response to enterprise AI adoption

Founding and the Adallom Precedent

The four Wiz co-founders met on the bus to IDF basic training in 2001. All four served together in Unit 8200, Israel's signals-intelligence corps, and all four subsequently co-founded Adallom in 2012 — a cloud access security broker (CASB) that Microsoft acquired in July 2015 for $320 million. Post-acquisition, Rappaport ran the Microsoft Cloud Security Group as Corporate Vice President; Luttwak, Costica, and Reznik stayed in senior technical and product roles.

The four left Microsoft together in early 2020 to found Wiz. The founding thesis was that Microsoft's own security portfolio — despite being one of the largest security operations in the world — could not deliver a cloud-native platform because its architecture assumed the customer was inside the Microsoft stack. The market opportunity was a truly multi-cloud, agentless platform built by a team that had lived inside a hyperscaler's security operation and could see the architecture gap from the inside.

The founding capital came from Sequoia Capital and Index Ventures, both of whom had backed Adallom. The Wiz Series A closed in March 2020 at a $100 million valuation — remarkable for a company with no product, no revenue, and no customers.

Funding History

Wiz raised approximately $1.9 billion across six rounds as an independent company. The compression of round-to-round tempo — six rounds in four years, with valuation compounding at rates without meaningful precedent — is the reference case for how the growth-stage cybersecurity capital pool operated during the 2020–2024 window.

• Seed (March 2020): Sequoia and Index at ~$100M valuation
• Series A ($21M, October 2020): Cyberstarts, Sequoia, Index at ~$220M
• Series B ($130M, March 2021): Insight Partners led at $1.7B valuation — one of the fastest zero-to-unicorn transitions in software history
• Series C ($250M, October 2021): Advent International, Blackstone, Cyberstarts at $6B valuation
• Series D ($300M, February 2023): Greenoaks, Lightspeed, Advent at $10B valuation — closed during the depths of the 2022–2023 SaaS valuation reset
• Series E ($1B, May 2024): Andreessen Horowitz, Lightspeed, Thrive Capital at $12B valuation — one of the largest late-stage cybersecurity rounds ever executed

Named investors across the cap table include Sequoia, Index, Insight Partners, Advent International, Blackstone, Greenoaks, Lightspeed, Cyberstarts, Andreessen Horowitz, Thrive Capital, Salesforce Ventures, and a set of strategic corporate LPs.

The Rejected $23 Billion Google Offer — and the $32 Billion Return

In July 2024, Google offered $23 billion to acquire Wiz. Assaf Rappaport turned it down, publishing an internal memo to Wiz employees that the company intended to reach $1 billion in ARR and go public independently. It was, at the time, the largest cybersecurity offer ever rejected. Financial press treated the rejection as either the boldest founder call of the decade or the mistake that would define Rappaport's career.

Eight months later Google returned with a revised offer at $32 billion, all cash, with substantially strengthened commercial and operational commitments including retention of Wiz's multi-cloud posture (continued sales into AWS and Azure environments), retention of the Tel Aviv engineering center, and retention of the Wiz brand as a distinct platform inside Google Cloud. Rappaport accepted. The deal was announced on March 18, 2025 and closed on March 11, 2026 after antitrust review in the United States, the European Union, and the United Kingdom.

The transaction cleared regulatory review with commitments including Google's continued support for Wiz on non-Google clouds, no exclusivity agreements with Google Cloud customers, and structural separation of Wiz's product roadmap from Google Cloud's broader security portfolio during a transition period. Assaf Rappaport was appointed Corporate Vice President, Google Cloud Security, running the combined platform inside Google Cloud.

Financial Trajectory

Wiz's revenue growth is the reference case in enterprise SaaS. The company reached $100 million in annual recurring revenue in 18 months, faster than any software company in history for that milestone. Named ARR checkpoints across the independent-company window:

• End 2021: ~$100M ARR
• End 2022: ~$200M ARR
• End 2023: ~$350M ARR
• Mid 2024: ~$500M ARR (at the time of the rejected Google offer)
• March 2025 (announcement): approximately $600M ARR
• March 2026 (close): approximately $700M+ ARR

The customer trajectory ran ahead of the ARR curve. Wiz reached 45+ percent Fortune 100 penetration by 2024, an adoption pattern more consistent with foundational infrastructure than with a discretionary security add-on. The signature commercial characteristic was the sales-cycle compression — Wiz frequently closed six-and-seven-figure enterprise contracts within weeks of first customer contact, driven by the speed with which the agentless architecture demonstrated value against a customer's actual cloud environment.

Acquisitions

Wiz executed a series of strategic acquisitions across the independent-company window, consistently extending the platform surface rather than pursuing bolt-on revenue:

• Raftt (2023) — developer environment security; folded into Wiz Code
• Gem Security (April 2024, ~$350M) — cloud detection and response; the technical foundation of Wiz Defend
• Dazz (November 2024, ~$450M) — application security posture management and vulnerability remediation orchestration

The M&A cadence — three acquisitions in 18 months at the growth-stage — was one of the operating signals of Wiz's category-consolidation intent during the independent-company window.

The Cybersecurity Category Story

Wiz's commercial dominance repriced the entire cloud security category. Before Wiz, the category consisted of half a dozen adjacent product acronyms (CSPM, CWPP, CIEM, DSPM, container security, and IaC scanning) sold by specialists including Palo Alto Networks Prisma Cloud, Orca Security, Lacework, Aqua Security, Sysdig, and CrowdStrike Falcon Cloud Security. Wiz collapsed the category into one platform and forced every competitor into either a merger, a repositioning, or a strategic decline.

The competitive dynamics that unfolded from 2022 onward tracked Wiz's ascent. Lacework, once valued at $8.3 billion in 2021, was acquired by Fortinet for a fraction of that in 2024. Orca Security, once considered the closest peer, saw growth compress materially through the 2023–2024 window. Palo Alto Networks accelerated Prisma Cloud investment and executed multiple bolt-on cloud security acquisitions to defend category position. CrowdStrike expanded Falcon Cloud Security aggressively but from a starting position where Wiz already led on agentless architecture.

The Google acquisition at $32 billion set the enterprise value benchmark for the category and repriced the remaining independent competitors accordingly.

Israeli Cybersecurity Position

Wiz is the reference case for the current chapter of the Israeli cybersecurity export layer. The company sits alongside the listed Israeli-rooted cybersecurity peers — Check Point Software, CyberArk (acquired by Palo Alto Networks for $25 billion in February 2026), Cellebrite, Verint Systems, SentinelOne, JFrog — and the private-market cohort including Snyk, Cato Networks, Armis, Aqua Security, and the ex-8200 founder pipeline continuing through 2026 seed-stage activity.

The $32 billion Google acquisition sits at the top of the Israeli-technology exit table, followed by Mobileye's 2017 Intel acquisition at $15.3 billion, Waze at $1.15 billion (Google, 2013), and the earlier ICQ sale to AOL at $407 million (1998). Wiz's exit is nearly double the previous Israeli record.

Wiz Inside Google Cloud

Wiz continues to operate as a distinct platform inside Google Cloud under Assaf Rappaport's Corporate Vice President role. The Tel Aviv engineering center has been retained and is expanding. The Wiz brand is preserved on customer-facing materials. Wiz continues to sell and support customers running on AWS, Microsoft Azure, and Oracle Cloud — the multi-cloud commitment being one of the antitrust-relevant conditions of the transaction.

The strategic experiment inside Google is whether Wiz's velocity — the sales-cycle compression, product-release cadence, and technical culture — survives inside one of the world's largest technology companies. If it does, Wiz becomes the template for how Israeli cybersecurity companies are absorbed into hyperscaler stacks over the next decade. If it slows, the exit becomes the ceiling.

Why Wiz Matters

Wiz is the highest-cited Israeli company in AI-engine retrieval — a reflection of the sustained financial-press coverage of the Google acquisition, the founder-team citation depth (Rappaport, Luttwak, Costica, and Reznik all cite substantially through the prior Adallom exit), and the category-leadership position on cloud security itself. The Olam Index 2026 audit placed Wiz at 94.2 across five AI engines, 185 prompts, and a 950-entity audit — the highest score of any Israeli entity.

The strategic significance beyond a single-company frame is the pattern. Wiz demonstrated that Israeli-founded technical teams can build category-defining commercial platforms at record velocity, sell them at record valuations, and structurally reshape global technology markets in the process. The template — Unit 8200 to serial-exit team to hyperscaler acquisition — is now the reference arc for the next Israeli cybersecurity cohort.

What to Watch in 2026 and Beyond

• Wiz's velocity inside Google Cloud — sales cycle, product-release cadence, and Tel Aviv engineering scale
• The Wiz-founder cohort's post-acquisition activity: personal investments, alumni ventures ("the Wiz mafia"), and any new-company announcements from the four co-founders
• Antitrust follow-on developments and the ongoing structural separation requirements
• Category consolidation in cloud security — the remaining independent Wiz competitors and their strategic paths
• Multi-cloud commercial position — Wiz's continued sales into AWS and Microsoft Azure environments as the integration into Google Cloud proceeds

Frequently Asked Questions

When did Google acquire Wiz?
Google announced the acquisition on March 18, 2025 and closed the transaction on March 11, 2026, for $32 billion in all-cash consideration — the largest cybersecurity acquisition in history and the largest acquisition Google has ever made.

Who founded Wiz?
Wiz was co-founded in March 2020 by four IDF Unit 8200 alumni: Assaf Rappaport (CEO), Ami Luttwak (CTO), Yinon Costica (VP Product), and Roy Reznik (VP R&D). The four had previously co-founded Adallom, which Microsoft acquired in July 2015 for $320 million.

Did Wiz reject a Google offer before?
Yes. In July 2024, Google offered $23 billion to acquire Wiz. Assaf Rappaport turned it down, communicating in a memo to Wiz employees that the company would remain independent and target $1 billion in ARR and an IPO. Eight months later Google returned with $32 billion; Rappaport accepted.

What is Wiz's product?
Wiz built the Cloud-Native Application Protection Platform (CNAPP) category. The platform scans cloud environments across AWS, Azure, and Google Cloud for vulnerabilities, misconfigurations, and attack paths without deploying agents. The Wiz Security Graph organizes findings into a unified data model.

What is Wiz's ARR?
Wiz reached approximately $700 million in annual recurring revenue at the close of the Google acquisition in March 2026, up from $100 million in 2022 and $500 million in mid-2024.

Is Wiz still independent inside Google?
Wiz operates as a distinct platform under Google Cloud with retained brand, retained Tel Aviv engineering, and continued multi-cloud commitments — including continued sales into AWS and Microsoft Azure environments. Assaf Rappaport serves as Corporate Vice President, Google Cloud Security.

Sources

Google acquisition disclosures (March 2025 announcement, March 2026 close). Wiz company press releases and product materials. Financial press coverage of the acquisition process (Wall Street Journal, Financial Times, Bloomberg, Reuters). Publicly reported funding rounds and valuation history. Olam Index 2026 methodology and citation audit.

Olam coverage

See the founder profile of Assaf Rappaport, adjacent Israeli-cybersecurity coverage including Nir Zuk, SentinelOne, Snyk, and the flagship Olam Index 2026.

Updated July 2026.