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Lightspeed courier
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Wiz's cloud dashboard, which offers a range of configuration options. "With Wiz, companies are developing a new maturity level in their cloud environments by improving security, increasing visibility and driving agility." "When we first launched Wiz, we set out to design a product with the world’s leading enterprises in mind, and all the complexity and operational considerations their dynamic cloud environments present," he told TechCrunch in an email interview.

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Wiz today announced that it raised $300 million in a Series D round co-led by Lightspeed Venture Partners and Greenoaks Capital Partners, with participation from angel investors including Starbucks owner Howard Schultz and French business magnate Bernard Arnault, valuing Wiz at around $10 billion post-money.īringing its funding to nearly $1 billion ($900 million), CEO Rappaport says the new cash will be put toward product development and hiring well into the new year.

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But one that's done especially well is Wiz, a cloud security company founded by Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik. Plenty of startups have benefited from the boom. Check Point Research reports that global cyberattacks increased by 38% in 2022 compared to 2021, and nearly nine in 10 company boards told Gartner in a recent survey that they view cybersecurity as a "business risk" rather than solely a technical or IT issue. The popularity comes in part from the rise in cyberattacks.

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While a decline from the previous year, venture capital funding in the cybersecurity sector totaled $18.5 billion in 2022, according to Momentum Cyber. Cybersecurity continues to be a major area for investment among businesses - and VCs.









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