2024-07-19
AI with the network security market, the acquisition case of $ 23 billion is here.
With the rise of artificial intelligence (AI), the risks of malware and ransomware have also increased, and the demand for cybersecurity is virtually increased. It is predicted that the value of network security transactions announced this year has increased by 32%to $ 3.4 billion.
According to foreign media quoting people familiar with the matter, in order to improve its strength in the field of cloud computing and speed up network security, Google's parent company Alphabet is negotiating in depth to acquire network security startup Wiz for about $ 23 billion.
People familiar with the matter said that the transaction may be achieved soon. The transaction will be the largest acquisition of this technology giant in history.
Data show that Wiz is established in Israel and is now located in New York. It has 900 employees in the United States, Europe, and Asia. It is one of the fastest -growing start -up software companies in the world. It provides cloud -based network security solutions and uses artificial intelligence. Realize real -time threat detection and response, and cooperate with many cloud service providers such as Microsoft and Amazon.
The official website of Wiz said that the company's revenue in 2023 was about 350 million US dollars, and cooperated with 40%of Fortune 100 companies. The company raised $ 1 billion in the recent round of private financing, with a valuation of $ 12 billion.
If the transaction is completed, this will be the largest acquisition of Alphabet in history, highlighting its continuous betting on network security. Two years ago, the company acquired the network security company Mandiant for $ 5.4 billion.
However, Alphabet may face strict regulatory censorship on Wiz's acquisition transactions. In recent years, US regulators have increased their blows on large technology companies through acquisitions. The U.S. Department of Justice has twice sued Alphabet on the grounds of antitrust.
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