Google's parent company, Alphabet, is preparing for a major acquisition. According to The Wall Street Journal, Alphabet is in deep negotiations with cloud security company Wiz, with the deal potentially valued at $23 billion, which could become the largest acquisition in Alphabet's history.

Wiz specializes in providing comprehensive cloud security solutions, capable of collecting data from major cloud platforms and conducting security risk analysis. Industry insiders believe this move aims to strengthen Google Cloud's capabilities, which saw a 28% revenue growth in the first quarter of this year, reaching $9.57 billion.

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So far, Google and Wiz have not responded to this news.

It is worth noting that Wiz recently completed a $1 billion E round of financing, with the company's valuation reaching $12 billion. Founded four years ago by former Microsoft employees, this startup has raised a total of $1.9 billion in funding over the years.

Wiz recently disclosed that its annual recurring revenue is $350 million. Originally, the company seemed to plan for expansion through acquiring small security companies and eventually listing on the stock market. However, if integrated into Alphabet, its development trajectory could undergo a significant change.

Wiz has an impressive list of investors, including several well-known venture capital firms and technology companies. Examples include Andreessen Horowitz, Lightspeed Venture Partners, Thrive, Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital.