Alphabet, which also runs YouTube and Android, said the deal would help drive growth in its cloud-computing business.

The agreement comes after the cybersecurity startup rejected Google owner's original $23 billion proposal last July.

Tech giant Google has reached a deal with Wiz to purchase the cloud cybersecurity startup. The all-cash deal, announced Tuesday, amounts to $32 billion.

Wiz is a New York-based startup that was founded in 2020. It makes security tools designed to protect information stored in ...