In March 2025, Alphabet (CEO Sundar Pichai) completed its $32 billion acquisition of cloud security unicorn Wiz (CEO Assaf Rappaport), the largest cybersecurity deal in history. The move is designed to transform Google Cloud into the security dashboard for every enterprise's multi-cloud and AI strategy, closing the gap with AWS and Azure.

The logic is compelling: combine Google's infrastructure and Mandiant's incident response capabilities with Wiz's agentless scanning technology, and offer enterprises a unified security layer across every cloud environment.

But there is a catch.

Wiz's greatest commercial asset has been its vendor neutrality — trusted by 40% of the Fortune 100 precisely because it favoured no single cloud provider. That neutrality evaporates the moment it becomes a Google subsidiary. And at a 40–50x forward reve ...