In February 2023, Israeli cybersecurity startup Wiz announced that it had successfully raised $1 billion in capital through its latest funding round. This significant milestone brings the company’s valuation to $12 billion, reflecting the growing interest and confidence in its potential.
Since its founding in 2020, Wiz has been able to raise a total of $1.9 billion from investors. This most recent funding round marks a significant achievement for the young company, which has already proven itself as a leader in cloud security solutions. With this newfound capital, Wiz is well-positioned to continue expanding its operations and developing innovative solutions to meet the evolving challenges in cybersecurity.
In addition to its successful fundraising efforts, Wiz also generated revenues of $350 million in 2023. This strong financial performance highlights the growing demand for the company’s services and underscores its position as a key player in the cybersecurity landscape. As it continues to grow and innovate, Wiz is poised for further success and growth in the years ahead.
