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 has developed a cloud security platform that provides a wide range of security features, including security posture management, container security, IaC scanning, cloud-native application protection, vulnerability management, detection and response, entitlement management, and compliance capabilities. The company, which was founded in March 2020, claims more than one-third of Fortune 100 companies are using its solutions and has achieved $100 million in annual recurring revenue (ARR).
To build on its success, the new funding will be used to grow Wiz’s workforce and expand in the United States, as well as in the EMEA and APAC regions. With the additional resources, the company hopes to further strengthen and broaden its cloud security platform to help its customers protect their data and stay compliant with regulations.
As cloud security continues to be a priority for organizations, Wiz stands out with a comprehensive and intuitive platform that provides customers with greater visibility and control over their cloud environment. With its rapid growth and high-profile customer base, Wiz is well-positioned to become a leader in the cloud security market.
In conclusion, cloud security company Wiz has announced $300 million in new funding, bringing its total raised to $900 million. This additional investment will be used to expand the security features of its cloud security platform and grow its workforce in the US, EMEA and APAC regions. With a comprehensive cloud security platform and strong customer base, the company is well-positioned to become a leader in the cloud security market.
• Wiz has raised $300 million in new funding, reaching a valuation of $10 billion
• The company has developed a comprehensive cloud security platform
• More than one-third of Fortune 100 companies are using its solutions
• The new funding will be used to expand its security features and grow its workforce
• Wiz is well-positioned to become a leader in the cloud security market