Wiz Announces $1 Billion Funding Round at $12 Billion Valuation
Wiz, the leading cloud security platform, announced a $1 billion funding round at a $12 billion valuation. The round was led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, and existing investors. This brings Wiz’s total funding to $1.9 billion.
Since its founding in 2020, Wiz has shattered industry growth records. The company reached ARR of $350 million by the end of 2023, after becoming the fastest-growing SaaS company in the world, reaching $100 million ARR within 18 months of launching its product.
The funding round is one of the largest in Israeli tech history and will be used to fuel the company’s continued expansion through M&A, talent acquisition, and product development. Wiz has set a goal of reaching $1 billion in ARR before going public.
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