Alphabet, the parent company of Google, is in advanced talks to acquire US-Israeli cybersecurity startup Wiz for $23 billion.

Wiz, founded by former Israeli military intelligence officer Assaf Rappaport, specializes in cloud security software and employs 950 people.

The startup has a strong client base, including notable US and German companies.

The deal highlights the significant role of Israel's military intelligence units, particularly the elite 8200 unit, in fostering successful tech startups.

This acquisition could boost confidence in Israel's tech industry and drive increased investments in Israeli companies.

For Google, the move aims to enhance the security capabilities of its Google Cloud Platform to better compete with Amazon and Microsoft.

The transaction underscores the growing necessity of comprehensive cybersecurity solutions in the digital era.

Regulatory responses and the impact on market competition will be critical factors to watch as negotiations continue.

The deal also reflects the resilience and innovation of Israel's tech sector amidst political tensions and conflict.