Wiz, a leader in cloud security, has raised $300 million at a $10 billion valuation led by Lightspeed Venture Partners and existing investors Greenoaks Capital Partners and Index Ventures three years after its founding. Wiz is now the world’s largest cybersecurity unicorn and the fastest SaaS company to reach a $10 billion valuation.
Customer validation from more than 35% of Fortune 100 companies, including BMW and Morgan Stanley, as well as other leading companies such as Salesforce, Slack, Colgate, and Blackstone, demonstrates that Wiz’s approach to cybersecurity is the industry’s future. Furthermore, Wiz was named Best Security Product for 2023 by G2, the world’s largest software marketplace, earlier this month.
During 2022, Wiz expanded its cloud security platform (CSPM & CNAPP), adding modules for Container and Kubernetes security, Data Security Posture Management (DSPM), and Cloud Detection and Response (CDR), allowing organizations to consolidate their cloud security program to a single platform that is truly built for cloud.
The company, which was founded in March 2020 and is headquartered in New York, intends to add to its existing 650 employees in the United States and globally, as well as open three new U.S. offices in Austin, Dallas, and Washington, DC. Wiz will continue to hire the best talent and expand in the US market, including with the federal government in its efforts to secure the nation from cyber-attacks.
The funds will also be used to support the company’s continued global expansion in EMEA and APAC.
Wiz has raised $900 million in funding from investors such as Sequoia Capital, Insight Partners, Blackstone, and G Squared since its inception nearly three years ago. The company is also backed by prominent private investors and leading entrepreneurs, including Bernard Arnault, the world’s wealthiest individual, and Howard Schultz, the founder of Starbucks.