Total amount raised
$2 Billions
Latest funding date
Location
Title
Wiz has successfully raised significant funding over multiple rounds, culminating in its acquisition by Google for $32 billion. The platform specializes in cloud security, offering comprehensive visibility and risk management across cloud environments.
Keep reading to explore the intricacies of Wiz's fundraising journey and the investors backing this innovative platform.
What Is Wiz?
Wiz, founded in January 2020, is a cloud security platform based in New York, New York. The company was established by Ami Luttwak, Assaf Rappaport, Roy Reznik, and Yinon Costica.
Wiz specializes in providing a unified platform that enhances collaboration among security, development, and DevOps teams. The platform offers comprehensive visibility across cloud environments, enabling real-time detection of vulnerabilities, misconfigurations, and compliance issues.
With a workforce of 501-1000 employees, Wiz continues to innovate in the cloud security space, helping organizations secure everything they build and run in the cloud.
How Much Funding Has Wiz Raised?
Series A
- Amount Raised: $100M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial product development.
Series B
- Amount Raised: $130M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
Series B
- Amount Raised: $120M
- Date: May 2021
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product capabilities and support rapid growth.
Series C
- Amount Raised: $250M
- Date: October 2021
- Lead Investors: Greenoaks, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase market penetration.
Secondary Market
- Amount Raised: $100M
- Date: October 2021
- Lead Investors: G Squared
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Series D
- Amount Raised: $300M
- Date: February 2023
- Lead Investors: Greenoaks, Index Ventures, Lightspeed Venture Partners
- Valuation at Round: $10.3B
- Motivation Behind the Round: To support continued growth and prepare for future acquisitions.
Series E
- Amount Raised: $1B
- Date: May 2024
- Lead Investors: Andreessen Horowitz, Lightspeed Venture Partners, Thrive Capital
- Valuation at Round: $12B
- Motivation Behind the Round: To drive future M&A efforts, talent recruitment, and product development.
Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2024
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further solidify market leadership and support strategic initiatives.
Total Amount Raised: $2B
Current Valuation: $12B
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused venture capital funds in the world, managed by SoftBank Group. It aims to invest in market-leading, tech-driven companies.
- Investment Focus Areas: Technology, AI, Robotics, Telecommunications.
- Notable Investments: Uber, WeWork, Slack.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a prominent venture capital firm based in Silicon Valley. It is known for its investments in high-growth technology companies.
- Investment Focus Areas: Technology, Software, Internet.
- Notable Investments: Facebook, Airbnb, Coinbase.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm that focuses on accelerating disruptive innovations. It has a strong presence in both early and growth-stage investments.
- Investment Focus Areas: Enterprise, Consumer, Health.
- Notable Investments: Snap, Nest, AppDynamics.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that invests in internet and software companies. It is known for backing transformative companies that redefine industries.
- Investment Focus Areas: Internet, Software.
- Notable Investments: Instagram, Stripe, GitHub.
- Greenoaks
- Details: Greenoaks is an investment firm that focuses on technology and consumer sectors. It aims to partner with companies that have the potential to become market leaders.
- Investment Focus Areas: Technology, Consumer.
- Notable Investments: Coupang, Robinhood, Discord.
What's Next for Wiz?
Wiz stands at the cusp of significant opportunities, driven by a $1 billion investment aimed at acquisitions and product development. With a valuation of $12 billion and a goal to reach $1 billion in annual recurring revenue (ARR), the company is poised to expand its cloud security platform and integrate advanced AI capabilities. The rapid adoption of cloud infrastructure and the increasing importance of cybersecurity present a vast market for Wiz to capture, especially among Fortune 500 companies.
Future fundraising opportunities are likely as Wiz continues its growth trajectory, with an Initial Public Offering (IPO) on the horizon once it hits its ARR target. The company’s strategy includes acquiring complementary technologies and startups to enhance its offerings and market reach. However, challenges such as maintaining rapid growth, integrating acquisitions, and staying ahead of evolving security threats will require careful navigation. The competitive landscape, featuring established players like Palo Alto Networks and CrowdStrike, adds another layer of complexity to Wiz's ambitious plans.
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