Google has completed its $32 billion acquisition of cybersecurity startup Wiz, establishing a new record as the largest venture-backed acquisition in history.

The deal was finalized after an extended process that included Google's initial offer being declined in 2024, followed by antitrust reviews conducted by regulatory authorities in both the United States and Europe.

Wiz, which focuses on cloud security solutions, operates at the intersection of artificial intelligence, cloud computing, and cybersecurity spending. Index Ventures Partner Shardul Shah described the company as being positioned "at the center of three tailwinds: AI, cloud, and security spend."

The acquisition represents a significant consolidation move in the cybersecurity sector, as companies increasingly seek comprehensive security solutions for cloud-based infrastructure and AI-powered systems. The deal's completion followed regulatory scrutiny on both sides of the Atlantic, reflecting the scale and potential market impact of the transaction.

The $32 billion valuation underscores the growing importance of cybersecurity services as organizations expand their digital operations and cloud adoption continues to accelerate across industries.