Alphabet, the parent company of Google, is reportedly in severe discussions to acquire an Israeli cybersecurity start-up by the name of Wiz. Such a deal can reach $23 billion, making it the largest purchase ever by Google.

Wiz is based in New York City, and its primary engineering team is based in Tel Aviv, Israel. Given the fact that this company was created only four years ago, in 2020, Wiz surely has an unbeatable value in the tech world. They are focused on developing software designed to protect information while it is stored online.

Dror Bin, the CEO of the Innovation Authority, was excited, saying: “This would be the biggest sale ever in Israel’s tech sector. It reflects the strength and innovation of our tech industry.”

From time to time, Google has expressed interest in the country’s tech capabilities. One major investment was when Waze, a popular navigation app, was sold to Google in 2013 for $1.1 billion to become the first unicorn of Israel to be sold and become valued at more than $1 billion.

Richie Torres, a US Congressman and ardent friend of Israel, described the prospective deal as “a $23 billion message to those who want to harm Israel.” He was referring to entities like BDS, which stands for Boycott, Divestment, and Sanctions against Israeli products and companies.

Wiz has grown tremendously since its inception. They generated a revenue of $100 million last year and $350 million this year. They also closely collaborate with other tech giants and heavyweights, like Amazon and Microsoft.

Despite the conflicts in which recently Israel has been involved, its tech sector is in good hands. The government, as well as private companies, continues to invest more and more in new technologies and innovation.

According to Dror Bin, “The future looks bright for Israeli Tech. The interest that Google is taking in Wiz means they believe in the future potential of the company. They want it to keep growing and innovating.”

Wiz’s story is just one example of many that elicit Israel’s position as a core and integral part of the global tech community. With more than 9,000 tech companies, including unlisted start-ups and multinational listed corporations, Israel has rightfully earned the tag of being one of the most fertile and innovative countries for entrepreneurs in the world.

Despite all this, Dror Bin emphasized that the tech industry of Israel remained resilient: “The fundamentals of our tech sector are still very strong. We continued to attract the best talents and foster ground-breaking innovations.”

While there aren’t that many details on how the acquisition will affect Wiz’s operations, Dror Bin still envisions a bright future for the company within Google. “Google’s decision to acquire Wiz reflects its view of our great technology and awesome team. I believe in Google’s continued support of Wiz’s growth and maintenance of high standards.”

In other words, any potential Google acquisition of Wiz would be more about the stamp of approval—that a booming tech ecosystem indeed thrives within Israel—than about the money on the big check. This itself, as technology advances further, testifies to the end of expenditure and innovation on both sides of the border.