Israeli cybersecurity startup Wiz recently closed a $1 billion capital raising round, bringing its company valuation to $12 billion. This latest funding round marks a significant milestone for the two-year-old company, which has managed to raise a total of $1.9 billion from various investors since its inception in 2020.
In February 2023, Wiz raised $300 million from investors at a valuation of $10 billion. The substantial injection of capital has helped propel Wiz to the forefront of the cybersecurity industry, particularly in the realm of cloud security. With this latest round of funding, Wiz is well-positioned to continue expanding its operations and developing innovative solutions to address the evolving challenges in cybersecurity.
Wiz generated revenues totaling $350 million in 2023, highlighting the company’s strong growth trajectory and market demand for its services. As a leader in cloud security, Wiz has proven its ability to deliver effective solutions and establish itself as a key player in the cybersecurity landscape. With its impressive track record and robust financial backing, Wiz is poised for further success and growth in the years ahead.