A milestone for Israeli tech — or a missed opportunity in the making?

Accepting the current deal—worth over 100 billion shekels—is not just a token of appreciation for the company's founders, employees and executives but Israel’s entire cybersecurity sector at large. If the acquisition goes through, it will mark a historic turning point for Israeli tech, strengthening its leadership in key fields such as cybersecurity, defense applications and machine learning.

According to estimates by Israel’s National Economic Council, the country is home to hundreds of innovative startups, each valued in the tens of millions of dollars. The Wiz-Google deal provides these companies with an enormous creative and commercial boost. It elevates Israel into the ranks of the world’s leading tech corporations while simultaneously injecting billions into the local economy and creating thousands of new millionaires—and quite a few billionaires—not through inherited wealth, but through sheer ingenuity.

For perspective: Wiz’s valuation alone is three times greater than that of Leviathan, Israel’s largest natural gas reservoir.