Wiz was founded only five years ago but offers an increasingly important cloud-security service as cyber risks grow.

Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, according to people familiar with the matter. A deal would be Google’s largest ever and could come together soon,

Following Google's acquisition of Wiz, the cybersecurity market has lost its best bet at a flashy IPO anytime soon. Why it matters: A volatile economy and a challenging security sales landscape make public exits increasingly difficult and unattractive,