Google said on Tuesday it has agreed to acquire Israeli cloud security startup Wiz for approximately 32 billion U.S. dollars, marking its largest acquisition to date.

The deal, which Google expects to close in 2026, represents the largest-ever exit for an Israeli startup, surpassing Intel Corp's 15.3-billion-dollar acquisition of autonomous vehicle company Mobileye in 2017.

Wiz, headquartered in New York City with significant operations in Israel, confirmed the acquisition on its website.

Founded in 2020, Wiz rapidly gained traction in the cybersecurity sector, achieving a 1.7-billion-dollar valuation within a year. In May 2024, the company raised 1 billion dollars at a 12-billion-dollar valuation.

Wiz, which reportedly employs approximately 1,800 people, provides cloud security solutions that help companies detect and mitigate risks across various layers of their cloud infrastructure. Its platform scans cloud resources, including network structures and permissions, to identify configuration errors, vulnerabilities, and malware.

Google said Wiz will become part of its cloud business.

The reported acquisition follows a failed attempt in July 2024, when a planned 23-billion-dollar deal between Google and Wiz collapsed, according to media reports.