A promising Israeli cybersecurity founder that he had been asking for years to launch a company was in need of funding. “It’s time,” the voice on the other end of the line said. Shah kicked in $3.5 million on behalf of Index Ventures.

The all-cash deal is set to boost Alphabet’s profile in the cloud computing market, a space currently led by Amazon and Microsoft.

Google's parent company, Alphabet, has struck a deal to buy cybersecurity firm Wiz for $32 billion US in what would be the tech giant's biggest-ever acquisition, a move which comes at the same time it's facing a potential breakup of its internet empire.