Google’s Kurian approached Wiz, $23B deal could take a week to land, source says

Alphabet (Google) is reportedly in advanced talks to acquire Wiz for $23B, valuing the fast-growing cloud security startup at ~46x current ARR and ~23x projected 2025 ARR, far above peers like Palo Alto Networks. Negotiations may take another week to 10 days and have significant hurdles with a 50% chance of falling through; Wiz has reached $500M ARR, targets $1B next year, and could see strong sales synergies with Google Cloud, with backers including Andreessen Horowitz, Cyberstarts, Index Ventures, Insight Partners, and Sequoia.