Google parent Alphabet Inc. agreed to acquire cybersecurity firm Wiz Inc. for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the cloud-computing startup wanted to stay independent.

Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the biggest acquisition in the tech giant's 26-year history. The proposed takeover announced Tuesday is part of Google's aggressive expansion into cloud computing during an artificial intelligence boom.