Google Close to Making a Historic $23 Billion Acquisition

a the alphabetthe holding company that owns GoogleAdvanced negotiations are underway to acquire the cybersecurity startup. The clever one For about 23 billion US dollars. Although the agreement has not been finalized, Hey Wall Street Journal mentioned It could happen soon. This is the largest acquisition it has ever made. the alphabet In its history.

Founded in 2020 and headquartered in New York, The clever one It offers a complete approach to cloud security. By integrating data from Amazon Web Services, Microsoft Azure, Google Cloud, and other cloud platforms, the platform then scans for risk factors. Security risk.

Still, according to the American newspaper, executives of the alphabet See the agreement as a way to boost the company’s cloud business. Googlewhich grew 28% to $9.57 billion in the first quarter of this year.

The news comes after only two months. The clever one Announced $1 billion in Series E, valuing it at $12 billion. Founded four years ago by Assaf Rappaport, Ami Luttwak, Yinon Kostika and Roy Reznik, former employees of Microsoftthe The clever one It has already raised a total of $1.9 billion.

At the time of its latest funding, the company said it had $350 million in annual recurring revenue. The company appears to be on track to integrate smaller security startups through acquisitions and eventually take them public, but it may find a different path as part of Alphabet.

Among the company’s investors are: Andreessen Horowitz, Lightspeed Venture Partners, Thrive, Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital..