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