When Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik were riding a bus to their Israeli army base nearly a decade ago, they weren’t just swapping stories. They were shaping what would become one of the biggest exits in venture capital history.

The all-cash deal is set to boost Alphabet’s profile in the cloud computing market, a space currently led by Amazon and Microsoft.

Google clinched a deal for its biggest-ever acquisition, announcing it will buy cloud-security platform Wiz for about $32 billion in cash. The acquisition of Wiz is expected to close in 2026, subject to usual closing conditions including regulatory approvals, according to Google. Once closed, New York-based Wiz will join Google Cloud.