Wiz Rejects ₹2 Lakh Cr Google Bid, Sells for ₹2.8 Lakh Cr

In a classic Silicon Valley tale of risk, growth, and extraordinary payoff, cybersecurity startup Wiz is now being acquired by Google’s parent company, Alphabet, for a staggering $32 billion (approximately ₹2.8 lakh crore), after famously rejecting an initial, massive offer of $23 billion (roughly ₹2 lakh crore) just a year prior.

A Bold Rejection Leads to a Record Sale

The cybersecurity firm, founded by former Microsoft and Amazon executives, initially came into the global spotlight not for its technology but for its audacity. In 2024, when Google first approached Wiz with the enormous $23 billion acquisition bid, the company’s co-founder and CEO, Assaf Rappaport, along with the leadership team, turned it down.

At the time, the decision was a stunning gamble. Rejecting an offer equivalent to over two lakh crore Indian rupees for a relatively young company was a powerful statement of belief in their own trajectory. Rappaport was reportedly confident that Wiz was poised for significantly greater growth and could command a higher valuation.

The Power of Patience and Growth

That confidence proved to be well-founded. Over the next year, Wiz continued its aggressive expansion, solidifying its position as a market leader in cloud-based cybersecurity solutions. The company’s platform, which provides instantaneous insights into security risks across massive cloud environments like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud itself, became an indispensable tool for nearly 40% of the Fortune 100 companies, including major names like Morgan Stanley and DocuSign.

By early 2025, Google revived the acquisition talks, and this time, the price had changed dramatically. The tech giant agreed to acquire Wiz for $32 billion, marking a nearly $9 billion (approximately ₹80,000 crore) increase from the initial rejected bid. This acquisition is set to be one of the largest cybersecurity deals in history.

Strategic Move for Google Cloud

For Google, this is a highly strategic purchase aimed squarely at bolstering its Google Cloud division. Despite its enormous scale, Google Cloud has lagged behind competitors like Amazon Web Services and Microsoft Azure in the enterprise market. Integrating Wiz’s cutting-edge technology and its robust client list is seen as a crucial move to enhance Google Cloud’s security offerings and compete more effectively in the lucrative cloud infrastructure market.

The acquisition was officially announced in March 2025 and is now moving toward its final stages, with the U.S. Department of Justice reportedly clearing the deal after an antitrust review.

The journey of Wiz—from rejecting a staggering $23 billion offer to signing a deal for $32 billion—serves as a compelling case study on the importance of founder conviction and rapid market execution in the volatile world of high-stakes technology startups.