Google's parent company Alphabet has agreed to acquire Israeli cybersecurity startup Wiz for $32 billion in an all-cash transaction, making it the largest exit in Israel's history.
Wiz, founded by former members of Israel's elite military intelligence programs, provides AI-powered cloud cybersecurity solutions and serves clients like Microsoft and Amazon.
The acquisition highlights the potential of Israeli startups to deliver substantial returns, boosting investor confidence in the region's entrepreneurial landscape.
The success of Wiz and other Israeli startups with military intelligence backgrounds showcases the talent pool and high-performing startup teams emerging from these elite army units.