Google is buying a new company for $23 billion

Alphabet (Google) is in advanced talks to buy Wiz for about $23 billion. Wiz offers a comprehensive approach to cloud security by ingesting data from Amazon Web Services, Microsoft Azure, Google Cloud and other cloud platforms, then scanning it all for security risk factors.
Alphabet executives likely see the deal as a way to bolster Google's cloud business, which grew 28% to $9.57 billion in the first quarter of this year.
The report comes just two months after Wiz announced it would be raising a $1 billion Series E, valued at $12 billion. Founded four years ago by former Microsoft employees Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik, Wiz has raised a total of $1.9 billion in investment.
The company's investors include Andreessen Horowitz, Lightspeed Venture Partners, Thrive, Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures and Sequoia Capital.