Cloud Security Leader Wiz Announces $300 Million Series D Financing Round At $10 Billion Valuation

Feb 27, 2023•over 2 years ago

Amount Raised

$300 Million

Round Type

series d

New YorkCyber SecurityCloud SecurityNetwork Security

Investors

Index VenturesGreenoaks Capital PartnersLightspeed Venture Partners

Description

Three years from establishment, Wiz, a leader in cloud security, has raised $300 million at a $10 billion valuation led by Lightspeed Venture Partners and existing investors Greenoaks Capital Partners and Index Ventures. Valued at $10 billion, Wiz is now the world's largest cybersecurity unicorn and fastest SaaS company to achieve a $10 billion valuation.

Company Information

Company

Wiz

Location

New York, New York, United States

About

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.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech