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Wiz eyes an unprecedented $800M funding round at a valuation of more than $10B to finance future acquisitions

Wiz eyes an unprecedented $800M funding round at a valuation of more than $10B to finance future acquisitions

03/11/24, 9:59 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
Money raised
$800 million
Industry
cyber security
cloud security
network security
Round Type
series d
Investors
Cyberstarts, Sequoia, G Squared, Lightspeed Venture Partners, Thrive
New York-based cloud security vendor Wiz is in talks with several investors, including Thrive, Lightspeed Venture Partners, G Squared, Sequoia, and Cyberstarts, to raise roughly $800 million at a valuation of more than $10 billion. The funding will be used to finance future acquisitions of other tech groups to bolster its offering.
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Company Info

Company
Wiz
Location
new york, new york, united states
Additional Info
Wiz was founded by CEO Assaf Rappaport, CTO Ami Luttwak, VP Product Yinon Costica, and VP R&D Roy Reznik. The team has worked together for over 20 years, including as Microsoft's Cloud Security Group leads and as the founding team of Adallom, which was acquired by Microsoft for $320 million. Wiz scans every layer of the cloud to provide complete visibility, and uses its Security Graph's context to eliminate the noise and surface the risks that matter most. Customers can then quickly identify, prioritize and remove risks across their cloud. This new approach to cloud security disrupts the agent-based security model and utilizes an agentless, API-centered approach to seamlessly scan cloud workloads. Wiz said goodbye to contextless alerts and, instead, at the heart of the product lies the Wiz Security Graph.
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Trends

RaisedGrowth

The data in the raised column shows reported funding for this location/industry over last 90 days.

The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days.

Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.

cyber security
$480.9 M-49.1%
network security
$162 M-16.0%
cloud security
$34 M-3.6%