Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

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.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.

Register

Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Cloud Security

Microsoft and Proofpoint are warning organizations that use cloud services about a recent consent phishing attack that abused Microsoft’s ‘verified publisher’ status.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Cloud Security

VMware vRealize Log Insight vulnerability allows an unauthenticated attacker to take full control of a target system.

Application Security

A CSRF vulnerability in the source control management (SCM) service Kudu could be exploited to achieve remote code execution in multiple Azure services.