The cloud security startup Wiz, located in New York City, raised $1 billion at a $12 billion value.
Investors
- Andreessen Horowitz
- Lightspeed Venture Partners
- Thrive Capital
- Wellington Management
- Greylock
- Cyberstarts
- Greenoaks
- Howard Schultz
- Index Ventures
- Salesforce Ventures
- Sequoia Capital
- the round raised a total of $1.9 billion in funding
Use of funds
The money will be used by the business for product development, hiring top people, and potential M&A activities. The money comes as Wiz develops and improves its Cloud Native Application Protection Platform (CNAPP) and considers a potential initial public offering (IPO), building on its purchase of Gem Security, a supplier of Cloud Detection and Response (CDR) services. Raftt had also been bought by the corporation.
About Wiz
Wiz, which was founded in 2020 and is now managed by CEO Assaf Rappaport and COO and President Dali Rajic, protects everything that hundreds of enterprises produce and run in the cloud, enabling them to quickly discover and eliminate serious threats in cloud settings. Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda are just a few of the companies who call us customers. In 2023, the company’s ARR reached $350 million.
