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Cloud Security Firm Wiz Raises $300 Million at $10 Billion Valuation

Cloud security company Wiz has raised $300 million in a Series D funding round that brings the total raised by the company to $900 million.

New York-based cloud security company Wiz announced on Monday that it has raised another $300 million in funding, reaching a valuation of $10 billion.

This Series D funding round, which brings the total raised by the company to $900 million, was led by Lightspeed Venture Partners, with participation from existing investors. 

Wiz will use the new investment to grow its workforce and expand in the United States, as well as in the EMEA and APAC regions. 

Wiz has developed a cloud security platform that provides security posture management, container security, infrastructure-as-code (IaC) scanning, cloud-native application protection, vulnerability management, detection and response, entitlement management, and compliance capabilities. 

Founded in March 2020, Wiz employs hundreds of people and claims more than one-third of Fortune 100 companies are using its solutions. 

In August 2022, the company announced achieving $100 million in annual recurring revenue (ARR), up from $1 million a year and a half earlier. 

Related: Cloud Security Firm Wiz Emerges From Stealth With $100M in Funding

Related: New Database Catalogs Cloud Vulnerabilities, Security Issues

Related: Cloud-Native Application Security Firm Apiiro Raises $100 Million

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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