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From Waze to Wiz: Google Bets Big on Israeli Tech

Google agreed to acquire Israeli cloud security start-up Wiz for $32 billion, making it the largest acquisition in both Google’s and Israel’s history and the fourth-largest tech deal of all time. The deal marks a defining moment for the global cybersecurity industry, a testament to Israel’s enduring tech prowess, and a significant vote of confidence in a country facing ongoing regional conflict.

That a start-up founded in 2020 could reach this valuation in under five years is remarkable, particularly amid escalating global calls to boycott or isolate Israel. Founded by former Microsoft Israel R&D heads, Wiz has grown into the most valuable cloud security company on the planet in record time. Its tools are now used by over 40% of the Fortune 100 companies.

This acquisition is far from Google’s first foray into Israeli tech. In 2013, Google bought navigation app Waze for $1.1 billion, and the tech giant has since built a massive R&D presence in Israel, employing over 2,000 engineers focused on AI, cybersecurity, cloud infrastructure, and core search functions. Israel is now the only country outside the United States where Google conducts full-scale product development.

(JPost/VFI News)

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