In February 2023, Israeli cybersecurity startup Wiz successfully raised $300 million in a capital raising round, boosting its company valuation to $10 billion. This significant milestone was achieved just two years after the company’s founding in 2020, and marks the latest in a string of successful funding rounds for the startup. Since its inception, Wiz has managed to raise a total of $1.9 billion from various investors, reflecting the growing interest and confidence in the company’s potential.
Wiz has been at the forefront of cloud security, and this latest round of funding is well-timed as it positions the company to continue expanding its operations and developing innovative solutions to address evolving challenges in cybersecurity. The company’s ability to deliver effective solutions has established it as a key player in the cybersecurity landscape. With its impressive track record and robust financial backing, Wiz is poised for further success and growth in the years ahead.
In 2023, Wiz generated revenues totaling $350 million, which highlights its strong growth trajectory and market demand for its services. This revenue growth is indicative of Wiz’s commitment to delivering value to its customers and establishing itself as a leading provider of cloud security solutions. As a result of this success, Wiz is now valued at an astounding $12 billion, making it one of the most valuable startups in Israel’s tech industry. With continued innovation and expansion on the horizon, Wiz is set to become an even more formidable force in cybersecurity for years to come.
