[Reasoning]

The cloud computing market is ~$600B annually. Google has a market share of 12% in it while Amazon sits at 30% and Microsoft at 21%. I'm assuming this is Google trying to stay competitive in that market.

[ergocoder]

I'd bet, with the price tag, Amazon and MS were also looking to buy Wiz. That's why the price looks a bit outrageous.

Founders previously sold their security company to microsoft as well.

[epolanski]

And they gonna get all that cloud needs through Wix?

Even if they did, I just don't see the play.