Wiz Overview
Wiz transforms cloud security for customers – including 35% of the Fortune 100 – by enabling a new operating model. With Wiz, organizations can democratize security across the development lifecycle, empowering them to build fast and securely. Its Cloud Native Application Protection Platform drives visibility, risk prioritization, and business agility. By creating a normalizing layer between cloud environments, the platform enables organizations to rapidly identify and remove critical risks.
Cumulative Funding Raised Over Time ($)
—Aug 2024
$100.0MDec 2020
$121.0MFeb 2020
$421.0MFeb 2023
$551.0MMar 2021
$671.0MMay 2021
$706.0MMay 2024
$1.7BMay 2024
$1.9BOct 2021
Latest News
growth-positive
The billionaire founder is reportedly negotiating to buy a 15% stake in the Euroleague club for about $15 million.
Wiz, an Israeli cybersecurity company, was acquired by Google for $32 billion, marking the largest-ever purchase of an Israeli company. This acquisition has propelled the four co-founders, including CEO Assaf Rappaport, into the ranks of global billionaires. Rappaport is also reportedly in negotiations to acquire a 15% stake in the Israeli basketball club Hapoel Tel Aviv, although he has stated he has no intention of becoming a basketball team owner at this stage. The acquisition by Google is a significant milestone for Wiz and highlights the evolving startup ecosystem in Tel Aviv.
Acquired-by
growth-positive
Index partner Hannah Seal made the remark about Israeli AI startup Wonderful, which it backed in a $34 million Seed round, speaking alongside CEO Bar Winkler at Mind the Tech London.
Wonderful, an Israeli AI startup, has raised $34 million in a Seed round led by Index Ventures, with participation from Bessemer Venture Partners and Vine Ventures. The company, which develops AI agents for managing voice, chat, and email interactions in call centers, is already operational in Israel, working with major organizations like Bezeq and Maccabi Health Services. Wonderfuls focus on long-term enterprise contracts positions it for sustained growth. The company is seen as a strong player in the AI sector, with its technology offering tangible value by replacing human tasks. The investment reflects confidence in Wonderfuls potential, especially given the strong engineering and market capabilities of Israeli entrepreneurs.
InvestmentCustomersPartners
growth-positive
Roy Katz, director of brand @Wiz, presented the story of the brand of the company that was sold to Google for $32 billion at the Globes MAD Conference.
Wiz, a cloud security company, was acquired by Google for $32 billion, marking Israels biggest-ever exit. At the Globes MAD Conference, Roy Katz, Wizs director of brand, discussed the companys unique branding strategy that helped it stand out in a competitive market. Katz emphasized the importance of uniqueness, connection, and added value in branding. He highlighted how Wizs approach to branding, including the use of illustrations and innovative marketing strategies, contributed to its success. The acquisition by Google is seen as a testament to Wizs impact and growth in the cloud security sector.
Acquired-by
growth-negative
Vulnerability allowed unauthorized access to private apps built via AI prompts.
A security vulnerability in Base44, an AI-powered application development platform recently acquired by Wix for $80 million, has been discovered by Wiz Research. The vulnerability allowed unauthorized access to private applications by exploiting undocumented API endpoints. Although the issue has been patched and no malicious activity was found, the incident highlights security concerns in AI-driven platforms. Base44, known for its vibe coding approach, was acquired by Wix to enhance its technology offerings. The discovery has raised questions about the security of such platforms, despite Wixs assurance of maintaining high security standards. The vulnerability was disclosed to Wix and Base44 on July 9 and was fixed within 24 hours.
Acquisition
growth-positive
חברת הסייבר Wiz חשפה חולשה ב-Base44, שאיפשרה גישה לאפליקציות פרטיות וארגוניות ■ הפרצה תוקנה תוך פחות מיום - אך מעוררת שאלות לגבי רמת האבטחה בכלים שמאפשרים לפתח אפליקציות במהירות, גם ללא רקע בתכנות
Wiz, an Israeli cybersecurity company, recently identified a significant security vulnerability in Base44s AI-based development platform. This vulnerability allowed unauthorized access to private and corporate applications. The issue was quickly resolved within a day, but it raised concerns about the security of tools that enable rapid application development without programming knowledge. Base44, a startup that was acquired by Wix earlier this year for $80 million, had not raised external capital before its acquisition. The discovery of this vulnerability highlights the ongoing challenges in ensuring robust security in AI-driven development platforms.
Acquired-by
| Sector | Cyber Security |
Funding
| Total funding | $1.89B |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 9 |
| Investors | 18 |
Team Members
7
Employees: 500+
Web & Social Links
| Website | www.wiz.io |
| Careers | Careers page |
Locations
Eliezer Kaplan St 8, Tel Aviv-Yafo, 6473409, Israel
395 9th Ave, New York, NY 10001, USA
Photos & Videos
2 item(s)
Wiz Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Cyber SecurityCloud SecurityTarget Customer
Enterprise & Professional ServicesEnterprisesCore Technology
Platforms & InterfacesAPITags (9)
vulnerability-managementunicorn-2021cloud-securityenterprise-securityenterprisesenterprise-solutionscyber-securitycloud-infrastructurerisk-managementGeographic Markets
IsraelEuropeAsiaUnited StatesWiz Financials
$1.89B
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
9
Total rounds
18
Investors
Cumulative Funding Raised Over Time ($)
—Aug 2024
$100.0MDec 2020
$121.0MFeb 2020
$421.0MFeb 2023
$551.0MMar 2021
$671.0MMay 2021
$706.0MMay 2024
$1.7BMay 2024
$1.9BOct 2021
Private Equity Funding
Undisclosed Round
Aug 2024
Undisclosed
SoftBank
Secondary Round
May 2024
$35M
E Round
May 2024
$965M
Thrive Capital (Lead), Lightspeed Venture Partners (Lead), Andreessen Horowitz (Lead)
,
Wellington Management, Howard Schultz, Index Ventures, Greenoaks Capital, CyberStarts, Greylock, Salesforce Ventures, Sequoia Capital
D Round
Feb 2023
$300M
Lightspeed Venture Partners (Lead)
,
Index Ventures, Greenoaks Capital
D Round
Oct 2021
$250M
Insight Partners (Lead)
,
Greenoaks Capital, Sequoia Capital, Index Ventures, Salesforce Ventures, CyberStarts
C Round
May 2021
$120M
Salesforce Ventures (Lead)
,
Blackstone, Agla Ventures
B Round
Mar 2021
$130M
Index Ventures (Lead)
,
Sequoia Capital, Howard Schultz, Cerca Partners, Insight Partners, CyberStarts
A Round
Dec 2020
$100M
Nadir Izrael, Index Ventures, Insight Partners, Yevgeny Dibrov, CyberStarts, Sequoia Capital, Cerca Partners
Seed
Feb 2020
$21M
Sequoia Capital (Lead)
,
CyberStarts
Public Offering / Exit
MNAEvent
Mar 2025
$32B
Mergers & Acquisitions
MNAEvent
Nov 2024
$450M
MNAEvent
Jul 2024
Undisclosed
MNAEvent
Mar 2024
$350M
MNAEvent
Nov 2023
Undisclosed
Wiz Lifecycle
Cumulative Funding Raised Over Time
—Aug 2024
$100.0MDec 2020
$121.0MFeb 2020
$421.0MFeb 2023
$551.0MMar 2021
$671.0MMay 2021
$706.0MMay 2024
$1.7BMay 2024
$1.9BOct 2021
All Events
Undisclosed Round
Aug 2024
Undisclosed
SoftBank
Secondary Round
May 2024
$35M
E Round
May 2024
$965M
Thrive Capital (Lead), Lightspeed Venture Partners (Lead), Andreessen Horowitz (Lead)
,
Wellington Management, Howard Schultz, Index Ventures, Greenoaks Capital, CyberStarts, Greylock, Salesforce Ventures, Sequoia Capital
D Round
Feb 2023
$300M
Lightspeed Venture Partners (Lead)
,
Index Ventures, Greenoaks Capital
D Round
Oct 2021
$250M
Insight Partners (Lead)
,
Greenoaks Capital, Sequoia Capital, Index Ventures, Salesforce Ventures, CyberStarts
C Round
May 2021
$120M
Salesforce Ventures (Lead)
,
Blackstone, Agla Ventures
B Round
Mar 2021
$130M
Index Ventures (Lead)
,
Sequoia Capital, Howard Schultz, Cerca Partners, Insight Partners, CyberStarts
A Round
Dec 2020
$100M
Nadir Izrael, Index Ventures, Insight Partners, Yevgeny Dibrov, CyberStarts, Sequoia Capital, Cerca Partners
Seed
Feb 2020
$21M
Sequoia Capital (Lead)
,
CyberStarts
MNAEvent
Mar 2025
$32B
MNAEvent
Nov 2024
$450M
MNAEvent
Jul 2024
Undisclosed
MNAEvent
Mar 2024
$350M
MNAEvent
Nov 2023
Undisclosed
Wiz News
88 articles
growth-positive
The billionaire founder is reportedly negotiating to buy a 15% stake in the Euroleague club for about $15 million.
Wiz, an Israeli cybersecurity company, was acquired by Google for $32 billion, marking the largest-ever purchase of an Israeli company. This acquisition has propelled the four co-founders, including CEO Assaf Rappaport, into the ranks of global billionaires. Rappaport is also reportedly in negotiations to acquire a 15% stake in the Israeli basketball club Hapoel Tel Aviv, although he has stated he has no intention of becoming a basketball team owner at this stage. The acquisition by Google is a significant milestone for Wiz and highlights the evolving startup ecosystem in Tel Aviv.
Acquired-by
growth-positive
Index partner Hannah Seal made the remark about Israeli AI startup Wonderful, which it backed in a $34 million Seed round, speaking alongside CEO Bar Winkler at Mind the Tech London.
Wonderful, an Israeli AI startup, has raised $34 million in a Seed round led by Index Ventures, with participation from Bessemer Venture Partners and Vine Ventures. The company, which develops AI agents for managing voice, chat, and email interactions in call centers, is already operational in Israel, working with major organizations like Bezeq and Maccabi Health Services. Wonderfuls focus on long-term enterprise contracts positions it for sustained growth. The company is seen as a strong player in the AI sector, with its technology offering tangible value by replacing human tasks. The investment reflects confidence in Wonderfuls potential, especially given the strong engineering and market capabilities of Israeli entrepreneurs.
InvestmentCustomersPartners
growth-positive
Roy Katz, director of brand @Wiz, presented the story of the brand of the company that was sold to Google for $32 billion at the Globes MAD Conference.
Wiz, a cloud security company, was acquired by Google for $32 billion, marking Israels biggest-ever exit. At the Globes MAD Conference, Roy Katz, Wizs director of brand, discussed the companys unique branding strategy that helped it stand out in a competitive market. Katz emphasized the importance of uniqueness, connection, and added value in branding. He highlighted how Wizs approach to branding, including the use of illustrations and innovative marketing strategies, contributed to its success. The acquisition by Google is seen as a testament to Wizs impact and growth in the cloud security sector.
Acquired-by
growth-negative
Vulnerability allowed unauthorized access to private apps built via AI prompts.
A security vulnerability in Base44, an AI-powered application development platform recently acquired by Wix for $80 million, has been discovered by Wiz Research. The vulnerability allowed unauthorized access to private applications by exploiting undocumented API endpoints. Although the issue has been patched and no malicious activity was found, the incident highlights security concerns in AI-driven platforms. Base44, known for its vibe coding approach, was acquired by Wix to enhance its technology offerings. The discovery has raised questions about the security of such platforms, despite Wixs assurance of maintaining high security standards. The vulnerability was disclosed to Wix and Base44 on July 9 and was fixed within 24 hours.
Acquisition
growth-positive
חברת הסייבר Wiz חשפה חולשה ב-Base44, שאיפשרה גישה לאפליקציות פרטיות וארגוניות ■ הפרצה תוקנה תוך פחות מיום - אך מעוררת שאלות לגבי רמת האבטחה בכלים שמאפשרים לפתח אפליקציות במהירות, גם ללא רקע בתכנות
Wiz, an Israeli cybersecurity company, recently identified a significant security vulnerability in Base44s AI-based development platform. This vulnerability allowed unauthorized access to private and corporate applications. The issue was quickly resolved within a day, but it raised concerns about the security of tools that enable rapid application development without programming knowledge. Base44, a startup that was acquired by Wix earlier this year for $80 million, had not raised external capital before its acquisition. The discovery of this vulnerability highlights the ongoing challenges in ensuring robust security in AI-driven development platforms.
Acquired-by
growth-positive
רועי כץ, מנהל מותג Wiz, סיפר בכנס MAD של גלובס כיצד החברה ערערה על הקונספציות המקובלות בשוק אבטחת הענן ● "בשוק האבטחה כולם מדברים בשפה של פחד, אבל הפחד לא תמיד יוצר את הפעולה הרצויה"
Wiz, a cloud security company, was acquired by Google for $32 billion, marking the largest exit in Israels history. At the MAD conference, Roi Katz, Wizs brand manager, discussed how the company challenged conventional cloud security concepts by focusing on unique branding and communication strategies. Instead of using fear-based messaging common in the security industry, Wiz employed a unique visual language and storytelling approach to simplify complex concepts and connect with customers. The companys innovative marketing strategies, such as creating relatable analogies and engaging content like a childrens book on cloud security, have contributed to its success. The acquisition by Google highlights Wizs significant impact and growth in the competitive cloud security market.
Acquired-by
growth-positive
The Israeli startup aims to break enterprise dependence on major cloud providers like Snowflake and Databricks.
Ryft, a new entrant in the data infrastructure market, has emerged from stealth mode with $8 million in Seed funding. The company aims to help businesses manage their data independently of large cloud providers by using Apache Iceberg, an open-source framework for data lakes. The Seed round was led by Index Ventures and Bessemer Venture Partners, with additional backing from notable figures in the tech industry. Ryft plans to use the funding to expand its engineering team, enhance its partner network, and increase commercial activities. The company already has customers in various sectors, including finance, e-commerce, and cybersecurity, and aims to provide a managed service that simplifies data management while maintaining control.
InvestmentPartnersExpandCustomers
growth-positive
/PRNewswire/ -- CYFOX, a leader in Agentic AI for cybersecurity and compliance, is proud to announce a partnership with Wiz, the leading cloud security...
CYFOX, a leader in Agentic AI for cybersecurity and compliance, has announced a strategic partnership with Wiz, a leading cloud security platform. This partnership integrates Wizs cloud security insights with CYFOXs OmniSec platform, enhancing compliance workflows and reducing operational overhead. The integration aims to streamline compliance processes, helping organizations achieve certifications faster and more efficiently. CYFOXs OmniSec platform, powered by AI, is designed to simplify compliance and automate evidence collection, offering a proactive approach to governance. This collaboration represents a significant step forward for CYFOX, enabling organizations to bridge security and compliance more intelligently. The partnership is expected to deliver a scalable approach to risk and governance, powered by Agentic AI and cloud-native architecture.
Partners
growth-positive
The U.S. Justice Department is scrutinizing the acquisition, but that doesn’t mean it won’t go through.
The U.S. Department of Justice is conducting an antitrust review of Googles proposed $32 billion acquisition of Israeli cybersecurity company Wiz. While regulatory scrutiny was expected due to the deals scale and strategic importance, it does not necessarily indicate opposition. The acquisition aims to bolster Googles position in the cloud security market, competing with Microsoft Azure and Amazon Web Services. Despite potential political and regulatory challenges, the deal is considered growth-positive for Google, as it could enhance competition in the sector. The transaction is anticipated to close no earlier than 2026, with a $3.2 billion breakup fee reflecting the risks involved.
Acquisition
growth-positive
Regulators are examining whether the deal would impact competition in cloud security. Should the deal ultimately fall through, Wiz stands to gain a breakup fee exceeding $3.2 billion.
Googles planned $32 billion acquisition of Israeli cybersecurity company Wiz is under scrutiny by the U.S. Department of Justice due to concerns about competition in the cloud security sector. If the deal falls through, Wiz will receive a breakup fee exceeding $3.2 billion, providing a significant financial cushion. The acquisition, if approved, would integrate Wiz into Google Cloud, enhancing Googles cybersecurity offerings. The deal is part of a broader trend of increased regulatory scrutiny on large tech companies. Wiz, founded in 2020, has raised $1.9 billion in venture capital and generates over $500 million in annual revenue. The acquisition is strategically important for both companies, and the breakup fee reflects this significance.
Acquired-byInvestment
growth-positive
Vast has built a deep-tech moat and turned cash-flow positive - with Nvidia’s support and none of Wiz’s media buzz.
Vast Data, an Israeli high-tech company, is making headlines with a reported $25 billion valuation, drawing comparisons to Wiz, another Israeli unicorn. Unlike Wiz, Vast maintains a low profile, focusing on deep-tech solutions that complement Nvidias processors. The companys technology is crucial for AI infrastructure, enabling efficient data management and real-time access. Vast has achieved positive cash flow and significant annual recurring revenue, with a client list including Nvidia, Pixar, and xAI. The company is considering an IPO, with potential valuations soaring due to the AI boom. Strategic partnerships with companies like CoreWeave further enhance its market position.
InvestmentCustomersPartnersExpandPublic Trading
growth-positive
As regulators in the US, EU and UK scrutinize the $32 billion deal, "Globes" assesses the chances of the acquisition being approved.
Google has announced its acquisition of Israeli cybersecurity company Wiz for $32 billion, marking the largest acquisition of an Israeli startup. The deal is expected to make many Wiz employees multimillionaires and benefit large investment funds like Sequoia, Andreessen Horowitz, and Greylock. However, regulatory approvals from antitrust authorities in the US, UK, and EU could delay the deals completion. The US is expected to pose fewer obstacles, while the UK and EU may require more scrutiny. Google has assured that Wiz will continue to serve competitors like Microsoft and Amazon to avoid regulatory issues. The acquisition highlights Googles growing cloud business and its strategic interest in cybersecurity.
Acquired-by
growth-positive
The integration is designed to bring Salt’s deep insights into API behavior directly into Wiz’s cloud security platform.
Salt Security, an Israeli unicorn specializing in API protection, has expanded its partnership with cloud security firm Wiz. This integration aims to enhance API threat detection within Wizs cloud security platform, addressing the growing challenge of securing APIs in cloud-based infrastructures. The partnership is timely, following Googles announcement to acquire Wiz for $32 billion. By embedding Salts API intelligence into Wizs platform, the collaboration seeks to provide a comprehensive view of API risks, thereby improving security measures. This reflects a broader trend in cybersecurity where cloud, application, and data protection are increasingly integrated.
Partners
growth-positive
The historic Google deal is fueling a surge of job applicants, investor enthusiasm, and startup ambition across Israel’s tech scene.
The article discusses the significant impact of Googles $32 billion acquisition of Wiz on Israels tech scene. This historic deal has sparked a surge of job applicants and investor enthusiasm, particularly in the cybersecurity sector. Companies like Orca Security and Salt Security are experiencing increased interest from candidates, driven by the potential for similar successful exits. The acquisition has also heightened awareness around equity and stock options among employees. The ripple effect extends beyond cybersecurity, with companies like Immunai seeing a rise in candidate inquiries. Overall, the acquisition has revitalized the startup ecosystem in Israel, encouraging entrepreneurs and investors to pursue ambitious goals.
Acquired-by
Google’s sweetened deal with Wiz came after a series of antitrust policy changes under President Trump.
Early investors like Sequoia, Cyberstarts, and Index Ventures are set for massive payouts following the record-setting cybersecurity deal.
According to "The Wall Street Journal", Google parent company Alphabet is negotiating to buy the Israeli cloud computing security company for $30 billion.
After rejecting a lower offer, Wiz seizes a second chance in a transformed regulatory climate.
Confirmed: Google is buying Wiz for $32B to beef up in cloud security | TechCrunch
Tech giant’s biggest-ever deal aims to strengthen cloud security dominance.
Google’s record-breaking $32 billion deal reshapes Israeli tech’s biggest exits.
Google has confirmed that an agreement has been signed for an all-cash deal. Wiz will remain an independent company under Google.
Google announces agreement to acquire Wiz
Google CEO highlights Wiz acquisition as a major step in strengthening cloud security.
The deal is set to face a lengthy regulatory review and is expected to close only in 2026. However, if the deal is ultimately canceled, Wiz could receive a massive payout from Google.
After rejecting a $23 billion bid, the cybersecurity powerhouse faces a new decision.
The cybersecurity startup previously rejected a $23 billion offer. Now, Alphabet is back at the table as it looks to strengthen its cloud security business.
growth-positive
The cybersecurity firm expands its footprint with a 5,500 square meter complex in Sarona.
Cybersecurity firm Wiz is set to open a new headquarters in Tel Avivs Sarona district, indicating confidence in its growth and the importance of physical workspaces. The new office complex will span 5,500 square meters and include various facilities to enhance employee experience. This move contrasts with the trend of tech firms reducing real estate footprints. Wiz, founded in 2020, has rapidly become a major player in cloud security, with over 45% of Fortune 100 companies using its platform. The firm has raised $1.9 billion, most recently at a $12 billion valuation, and has made several acquisitions, including Dazz, Gem Security, and Raftt. Wiz is also preparing for an IPO.
ExpandCustomersAcquisitionPublic Trading
growth-positive
Exclusive: The Israeli cloud security company is leasing 5,500 square meters of space in a preserved Tel Aviv Templar building.
Wiz, an Israeli cloud security company, is expanding by leasing a new 5,500 square meter campus in Tel Avivs Sarona district. The campus will feature modern office spaces, a preserved Templar building, and various employee amenities such as a gym, restaurant, and art displays. The company aims to create an inspiring work environment while supporting Israeli art. Wiz, founded in 2020 and led by CEO Assaf Rappaport, has rapidly grown, with its cloud security platform used by over 45% of Fortune 100 companies. The company has raised $1.9 billion, with a recent valuation of $12 billion, and previously rejected a $23 billion acquisition offer from Google. The new campus is expected to be occupied by employees between July and September 2025.
Expand
growth-positive
The veteran cybersecurity company has formed a strategic partnership with Israeli company Wiz to provide end-to-end cloud security.
Check Point Software Technologies Ltd. has announced a strategic partnership with Israeli cloud security company Wiz to provide comprehensive end-to-end cloud security solutions. This collaboration aims to integrate Check Points cloud protection mechanisms with Wizs cloud risk and vulnerability detection platform, enhancing real-time prevention of cloud attacks. The partnership is expected to transform how organizations manage risk in the cloud by combining Check Points expertise in cloud network security with Wizs leadership in cloud native app protection. This move is seen as a growth-positive step for Check Point, which is also undergoing management changes with Nadav Zafrir succeeding Gil Shwed as CEO.
PartnersManagement Changes
growth-negative
The Chinese AI startup left sensitive information unsecured, raising concerns over AI security risks.
DeepSeek, a Chinese AI startup, inadvertently exposed sensitive data to the open internet, raising concerns over AI security risks. The breach, discovered by cybersecurity firm Wiz, included over a million lines of data, such as digital software keys and user prompts from its AI assistant. Although DeepSeek secured the data quickly, the incident highlights the security challenges faced by rapidly growing AI companies. DeepSeeks AI assistant has recently surpassed OpenAIs ChatGPT in downloads, intensifying the U.S.-China AI rivalry. The security lapse underscores the need for robust security frameworks as AI technologies become more integrated into global businesses.
growth-negative
Wiz finds serious information leak at DeepSeek
DeepSeek, a Chinese AI company, faced a significant security breach when a database containing sensitive user information was exposed online without authentication. The vulnerability, discovered by cybersecurity firm Wiz, allowed unrestricted access to user chats and internal data. Wiz promptly informed DeepSeek, which secured the database. The incident highlights the importance of prioritizing security in the rapid adoption of AI technologies. The breach poses a threat to DeepSeeks reputation, especially as it competes with established AI firms like OpenAI.
growth-positive
Dazz CEO Merav Bahat was speaking on a panel at Tech TLV two months after being acquired by Wiz for $450 million. The panel also included Alon Huri, Managing Partner at Team8, Fiona Darmon of Senvest Capital, Emanuel Timor of Vertex Ventures, and Shira Eting from Vintage.
Dazz, a cybersecurity startup, was acquired by Wiz for $450 million. The acquisition is seen as a strategic move to strengthen AI-driven cloud security. The panel discussion at Tech TLV highlighted the resilience and growth potential of Israeli high-tech, with a focus on AI and cybersecurity. The panelists, including Dazz CEO Merav Bahat, emphasized the importance of excellence, strategic partnerships, and customer focus in achieving success. The acquisition by Wiz is expected to enhance Dazzs capabilities and contribute to building a leading security company in Israel. The discussion also touched on the broader trends in the tech industry, including the challenges and opportunities in raising investments and the impact of geopolitical factors on the market.
Acquired-by
growth-positive
Merav Bahat, CEO of Dazz, bought by Wiz last year, tells "Globes" she advised Wiz CEO Assaf Rappaport not to sell to Google.
Wiz, an Israeli cybersecurity company, acquired Dazz in a strategic merger supported by Greylock. The merger aims to expand Wizs portfolio and market share, with Dazzs shareholders receiving shares in Wiz. The deal highlights the strong business momentum of Dazz and the complementary nature of the two companies solutions. The article discusses the role of AI in cybersecurity, the potential for Wiz to become one of the largest cybersecurity companies, and the importance of diversity in building a strong company. The IPO market is also expected to open up in 2025, although an IPO is not the primary goal for Wiz.
AcquisitionCustomers
growth-positive
Merav Bahat, CEO of Dazz, bought by Wiz last year, tells "Globes" she advised Wiz CEO Assaf Rappaport not to sell to Google.
Wiz, an Israeli cybersecurity company, acquired Dazz in a strategic merger supported by Greylock. The merger aims to expand Wizs portfolio and market share, with Dazz shareholders receiving shares in Wiz. The deal reflects a growth-positive impact, as it enhances Wizs position in the cybersecurity market. The article highlights the role of AI in cybersecurity, the potential for future IPOs, and the importance of diversity in building strong companies. Despite turning down a $23 billion acquisition offer from Google, Wiz is poised to become one of the worlds leading cybersecurity companies. The article also discusses the resilience of the tech industry amid challenges.
AcquisitionCustomersPartners
growth-positive
Wiz continues to dominate, while companies like Cyera and Armis prove Israeli startups are thriving despite challenges. Local companies secured 20 "mega rounds" (over $100 million) in total.
Wiz, a leading Israeli cybersecurity startup, has had a remarkable year in 2024, securing a record-breaking $1 billion funding round in May, the largest in Israeli history. The company also made significant acquisitions, purchasing Dazz for $450 million and Gem Security for $350 million. Wiz has raised a total of $1.9 billion since its founding and serves approximately 45% of Fortune 100 companies. Despite rejecting a $23 billion offer from Google, Wiz continues to dominate the cybersecurity landscape. Other Israeli companies like Cyera, Armis, and Axonius also secured substantial funding rounds, highlighting the resilience and growth of Israeli startups in 2024.
InvestmentAcquisition
growth-positive
Israel's billionaire count rises to 32, with a total fortune of around $86B according to UBS, driven by tech pioneers and global wealth growth.
The article highlights the rise in the number of billionaires in Israel, with the count increasing from 26 to 32, driven by tech pioneers and global wealth growth. The total fortune of these billionaires is estimated at $86 billion. Notably, four new billionaires emerged from the cybersecurity company Wiz, which previously rejected a buyout offer exceeding $20 billion from Google. Another new billionaire is Roy Mann, co-CEO of monday.com, with a wealth of $1.3 billion. The global billionaire wealth also saw a significant rise, with the total number of billionaires increasing to 2,682 and their combined wealth reaching $14 trillion. The report underscores the concentration of wealth among a small fraction of the global population.
growth-positive
Israel's billionaire count rises to 32, with a total fortune of around $86B according to UBS, driven by tech pioneers and global wealth growth.
The number of billionaires in Israel has increased to 32, with a combined fortune of $86 billion, according to the UBS Billionaire Ambitions Report for 2024. This growth is largely attributed to tech pioneers, including four founders from the cybersecurity company Wiz, who have each amassed fortunes of around $1 billion. Despite rejecting a buyout offer from Google exceeding $20 billion, Wiz continues to thrive. The report highlights a global rise in billionaire wealth, particularly in the United States, while China experienced a decline. The survey, conducted between June and September, notes that geopolitical conflict and inflation are major concerns for the ultra-wealthy, yet North America remains a promising region for investment returns.
growth-positive
The cybersecurity giant is considering acquiring Israeli startup Dazz, which provides AI-powered cloud security remediation.
Wiz, a leading cybersecurity company, is considering acquiring Israeli startup Dazz, which specializes in AI-powered cloud security remediation. Dazz recently completed a $50 million fundraising round at a $400 million valuation, with a potential acquisition price of at least $500 million. Dazz has experienced significant sales growth, achieving a 400% increase in ARR and expanding its workforce across the U.S., Europe, and Israel. The acquisition would further bolster Wizs growth, which has already reached a $12 billion market valuation. Wiz has raised $1.9 billion to date, with notable investors including Cyberstarts, Greylock Partners, Insight Partners, and Index Ventures. The acquisition aligns with Wizs strategy to expand its capabilities and market presence.
AcquisitionInvestment
growth-positive
A chance encounter with Assaf Rappaport led Raaz Herzberg, Wiz's CMO & VP Product Strategy, to become a key member of the company, helping the cybersecurity startup pivot to cloud security and become a global powerhouse.
The article discusses the journey of Raaz Herzberg, Wizs CMO & VP Product Strategy, and her significant impact on the companys growth and strategic direction. Herzberg played a pivotal role in helping Wiz pivot to cloud security, leading to its rapid expansion and success. The company, founded by Assaf Rappaport and others, has grown to serve 45 of the Fortune 100 companies and recently raised $1 billion at a $12 billion valuation. Wiz rejected a $23 billion acquisition offer from Google, underscoring its confidence in its market position and growth potential. The article highlights Herzbergs unconventional path into tech and her influence on Wizs marketing and product strategy.
CustomersInvestmentAcquisition
growth-negative
Israel’s tech industry has suffered many hits in the past year as it has persevered amidst the ongoing war against Hamas and Hezbollah. Despite the many challenges this has posed, the industry has continued to register exits, including some record-breaking deals, and produce important trendsetters in AI, defense, cyber and other areas.
The Israeli tech industry has faced significant challenges over the past year, including the global tech recession, judicial overhaul, and geopolitical tensions. Despite these hurdles, the industry has continued to see exits and investments, particularly in AI, defense, and cybersecurity. Foreign investment, crucial to the sector, has been inconsistent, with a noticeable cooling of interest due to political and economic instability. Notable figures like Nir Zuk and Ilya Sutskever are making strides in AI and cybersecurity, while Hamutal Meridor is emerging as a leader in defense-tech. The industrys reliance on foreign capital remains a double-edged sword, providing growth opportunities but also exposing vulnerabilities.
Investment
growth-positive
וויז במגעים לגיוס לפי שווי של 20 מיליארד דולר במכירת מניות
Wiz, a cybersecurity startup, is in talks to sell shares at a valuation of up to $20 billion. This deal will allow existing shareholders to sell shares worth between $500 million and $700 million. Previously, in July, a $23 billion acquisition deal with Google was canceled. The companys estimated valuation ranges between $15 billion and $20 billion.
Investment
growth-positive
Bloomberg reports that discussions are taking place on Wiz shareholders offering shares at a valuation of up to $20 billion.
Israeli cybersecurity company Wiz is in talks to sell existing shares at a valuation of up to $20 billion. The company previously rejected a $23 billion acquisition offer from Google, aiming for a higher valuation in a future IPO. Wiz is considering raising money directly from investors, with potential involvement from G Squared, Thrive Capital, and Lightspeed Venture Partners. The company reported annual recurring revenue of $500 million and aims to reach $1 billion. Wiz is also looking to recruit a CFO, signaling initial steps towards an IPO. Founded in 2020, Wiz specializes in cloud security and has notable customers like United Airlines, Colgate, and Home Depot.
InvestmentPublic TradingCustomersExpand
growth-positive
Earlier in July, Wiz ended talks with Google-parent Alphabet on a proposed $23 billion deal, a valuation that nearly doubled what the cybersecurity firm announced in May, when it raised $1 billion in a private funding round.
Earlier in July, Wiz ended talks with Google-parent Alphabet on a proposed $23 billion deal, a valuation that nearly doubled what the cybersecurity firm announced in May, when it raised $1 billion in a private funding round. Israeli cybersecurity decacorn Wiz is exploring a potential sale of existing shares at a valuation ranging from $15 billion to $20 billion. The company is talking about a transaction that would let existing shareholders tender from $500 million to $700 million of their holdings. Venture firms involved in the potential deal include G Squared, Thrive Capital, and Lightspeed Venture Partners. Wiz raised $1 billion at a $12 billion valuation earlier this year and is targeting $1 billion in sales as it prepares for an IPO.
InvestmentAcquired-byPublic TradingExpand
growth-positive
Cybersecurity firm Wiz to open European headquarters in London
Cybersecurity firm Wiz is set to open its first European headquarters in London, marking a significant step in its expansion strategy. The move, led by co-founder Roy Reznik, aims to bolster the companys presence in the UK and Europe. Wiz plans to increase its UK employee base by 100 by the end of the year and aims to generate 35% of its total revenues from Europe, the Middle East, and Africa by the end of next year. The company, which recently rejected a $23 billion takeover bid from Alphabet, is also planning a US IPO. Wiz has raised $1 billion at a $12 billion valuation in a round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital.
InvestmentExpandCustomers
Rebound? Assaf Rapaport's Wiz receives new investment from Softbank
growth-negative
It took some serious nerve for Wiz to walk away from Google's $23B offer | TechCrunch
Googles cloud division reported a milestone, generating $10 billion in quarterly revenue for the first time. However, this positive news was overshadowed by the failure of two significant acquisition attempts. Google initially aimed to acquire HubSpot, a CRM and marketing software company, but the deal fell through. Subsequently, Google pursued Wiz, a cloud security startup valued at $12 billion, with a reported offer of $23 billion. Wiz declined the offer, opting to remain independent and focus on achieving $1 billion in ARR and a potential IPO. Analysts suggest that Googles M&A strategy needs an overhaul to better align with its size and financial strength. The regulatory environment and Wizs confidence in its growth potential were also factors in the deals collapse.
Acquisition
growth-positive
The $23 billion gamble: Wiz's bold move to stay independent | CTech
Wiz, a cybersecurity company, has rejected a $23 billion acquisition offer from Google, opting instead to prepare for an IPO. The companys founders believe that Wiz has the potential to become a major player in the cybersecurity industry. A few months ago, Wiz raised $1 billion from investors, valuing the company at $12 billion. The founders, who have already had a significant exit, believe they can grow the company into a significant entity and a direct competitor to all the cyber giants. The decision to reject Googles offer was made in favor of the more challenging option of developing the company and aiming for a billion dollars in revenue.
InvestmentPublic Trading
growth-positive
Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal
Google is reportedly in advanced talks to acquire cybersecurity firm Wiz for $23 billion, which would be Googles largest acquisition to date. The deal could be finalized soon, according to sources familiar with the matter.
Acquisition
growth-positive
From Waze to Wiz: Google writing new chapter in Israeli tech history | CTech
Google is reportedly planning to acquire Israeli cybersecurity firm Wiz for $23 billion, marking the largest acquisition of an Israeli company and Googles largest acquisition ever. The deal would surpass the previous record held by Mobileye, which was sold to Intel for $15 billion in 2017. Wiz, which was valued at $12 billion in its latest fundraising round, has grown rapidly since its inception, reaching a sales rate of $100 million the fastest and becoming the private cyber company with the highest valuation. The acquisition is expected to boost the Israeli tech industry and create a new surge of innovation.
Acquisition
growth-positive
Wiz leads Israeli tech to its best quarter of funding in two years | CTech
The Israeli high-tech industry has had its best quarter of funding in two years, raising $2.9 billion across 110 fundraising rounds. This includes a $1 billion funding round by Wiz, which is the highest in Israeli tech history. The company is now valued at over $12 billion. Other companies in the cyber sector, such as Semperis, Island, and Cyera, also contributed to the total capital raised. The report by LeumiTech and IVC indicates a positive upward trend in fundraising, with an increase of approximately 19% in the volume of fundraising ($1.93 billion) recorded.
Investment
growth-negative
Cyber wars: Wiz denies Orca’s patent claims, strikes back with counterclaims | CTech
Wiz, an Israeli cybersecurity firm, has denied allegations of patent infringement brought by Orca Security, another Israeli cybersecurity firm. Wiz has filed a counterclaim, accusing Orca of infringing on its own technologies and methodologies. The legal battle began when Orca filed a lawsuit in July 2021, alleging that Wiz had copied its technology. Wiz is seeking the dismissal of Orcas lawsuit, reimbursement for legal expenses, and other judicial remedies. The trial is set to begin on December 8, 2025.
CustomersInvestment
Growth-Negative
Wiz vs. Orca: Delaware court sets stage for high-stakes IP showdown | CTech
The legal battle between Israeli cybersecurity companies Wiz and Orca Security is set to continue after a Delaware court rejected Wizs request to dismiss Orca’s lawsuit. Orca filed the lawsuit in July 2021, alleging that Wiz infringed on its patents by copying its technology. Orca seeks to prohibit the sale of Wizs allegedly infringing products and demands financial compensation for profits generated from the use of its patents. The court has appointed external consultants to review each companys products. The trial is set to begin on December 8, 2025.
CustomersInvestment
growth-positive
נשיא Wiz אחרי גיוס הענק: "אני רוצה להפוך את החברה מפלא בלתי נתפס למכונה משומנת" | כלכליסט
Israeli cloud security company Wiz has raised $1 billion at a valuation of $12 billion, making it the largest private cybersecurity company in the world. The funding round was led by Andreessen Horowitz and included participation from Lightspeed Ventures Partners, Thrive Capital, Greylock, and Wellington Management. The company plans to use the funds to acquire other companies to expand its technology portfolio. Wiz was founded in 2020 and has raised a total of $1.9 billion to date. The company is planning to go public in New York in the next 18 months.
InvestmentAcquisitionExpand
growth-positive
Wiz raises $1B at a $12B valuation to expand its cloud security platform through acquisitions | TechCrunch
Cybersecurity startup Wiz has raised $1 billion in a Series E funding round, co-led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive, valuing the company at $12 billion. The funds will be used to expand the business organically and through acquisitions. Wiz recently acquired Gem Security for $350 million and signed a letter of intent to buy Lacework for $168 million. The company, which has contracts with 40% of the Fortune 100, plans to go public in the future.
InvestmentAcquisitionExpand
Growth-Positive
Unstoppable Wiz: Cyber startup nets another $1 billion in funding as valuation jumps to $12B | CTech
Cloud security company Wiz has raised $1 billion in funding at a $12 billion valuation. The funding round, the largest in Israeli tech history, was led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, among others. The funds will be used for future M&A efforts, talent recruitment, and product development. This comes after Wizs acquisition of Gem Security, a Cloud Detection and Response provider, and its announcement of reaching $350 million in ARR. The company is now targeting $1 billion in revenue, ahead of a potential Wall Street IPO.
InvestmentAcquisitionExpand
Growth-Negative
Wiz deal to acquire Lacework collapses | CTech
Cloud security company Wiz will not be acquiring American cloud security firm Lacework, despite a Letter of Intent being signed. The deal, which was valued at around $150-200 million, fell through during the due diligence process. Lacework, established in 2015, has raised about $1.9 billion to date and was valued at $8.3 billion in 2021. Other cyber companies, including Palo Alto Networks, are believed to be interested in purchasing Lacework. Wiz recently completed the purchase of Israeli startup Gem Security for about $350 million and is targeting $1 billion in revenue, ahead of a potential Wall Street IPO.
Acquisition
Growth-Positive
Wiz shareholders finalizing secondary deals worth hundreds of millions of dollars | CTech
Cybersecurity firm Wiz is finalizing secondary deals that will see veteran investors sell part of their holdings. The transactions are estimated to be worth hundreds of millions of dollars, with Wiz being valued at significantly more than its $10 billion valuation from its $300 million Series D last year. SoftBank Vision is believed to be among the buyers. Wiz is also preparing for an IPO and has been active in the M&A market, recently acquiring Gem Security for $350 million. It is also in advanced negotiations to acquire American cloud security company Lacework for $150-200 million.
InvestmentAcquisitionPublic Trading
growth-positive
Wiz signs letter of intent to buy Lacework - report
Israeli cloud security company Wiz has signed a letter of intent to acquire US cloud security startup Lacework for $150-200 million. Lacework was previously valued at $8.3 billion post-money in its last financing round. The acquisition, which is not yet finalized, is seen as a strategic move to enhance Wizs technological capabilities and business expansion. Wiz has also recently acquired Israeli cybersecurity company Gem Security for $350 million. Founded in 2020, Wiz has raised $900 million to date and is valued at $10 billion. The company plans to hire 400 additional employees this year.
AcquisitionExpand
growth-positive
Wiz completes $350 million acquisition of Gem Security to expand CDR offering | CTech
Israeli cloud security company Wiz is acquiring Gem Security, a fellow Israeli startup that has developed a Cloud Detection and Response platform. The deal is estimated at $350 million in cash. Gems technology will be added to Wizs Cloud Native Application Protection Platform. Gems employees and co-founders will join the Wiz team. This is Wizs second acquisition since its inception in 2020. Wiz recently announced that it has reached $350 million in ARR, with over 40% of the Fortune 100 as customers. The company is now targeting $1 billion in revenue, ahead of a potential Wall Street IPO.
AcquisitionExpand
growth-positive
Cyber decacorn Wiz acquiring Gem Security for $350 million | CTech
Cybersecurity firm Wiz is acquiring Israeli startup Gem Security for $350 million. Gem Security, which has developed a Cloud Detection and Response (CDR) platform, has raised $34 million to date. The company raised $23 million in Series A funding last September, led by GGV Capital and joined by IBM Ventures and existing investor Team8. This is Wizs largest acquisition to date. Gem Securitys CDR platform shortens the time to detect, investigate, and contain cloud-native threats. The platform provides real-time visibility into multi-cloud environments and cloud-native forensics.
AcquisitionInvestment
growth-positive
Israeli cloud security co Wiz in talks to raise $800m - report
Israeli cloud security company Wiz is reportedly in talks to raise $800 million at a company valuation of over $10 billion. Investors in talks include Thrive, Lightspeed, G Squared, Sequoia, and Cyberstarts. The new funds could help finance acquisitions. Wiz, which reported $350 million revenue in 2023 with a 40% market share of Fortune 100 companies, plans to hire 400 additional employees this year. The companys technology allows security and development teams to identify, prioritize and prevent risks in the cloud.
InvestmentExpand
growth-positive
דיווח: WIZ לקראת גיוס ענק לפי שווי של יותר מ-10 מיליארד דולר
Israeli cybersecurity unicorn WIZ is reportedly on its way to raising hundreds of millions of dollars, according to the Financial Times. The company recently announced that it had reached annual sales of $350 million. In early 2023, it raised $300 million at a valuation of $10 billion. Several new investors have recently approached the company with investment offers. WIZ also recently appointed Dali Rajic, a former executive at Zscaler, as the companys president and COO. The company currently employs 650 people, 150 of whom are in Israel.
InvestmentManagement Changes
growth-negative
קרב לוהט בענף הסייבר: שתי השותפות הגדולות הפכו ליריבות
SentinelOne has decided to terminate its strategic partnership with Wiz, which was announced in March 2023. The partnership aimed to offer a unified cloud security solution to customers. In August, SentinelOne ended the joint sales agreement and completed the acquisition of Indian cloud security company PingSafe for $100 million. This acquisition positions PingSafe as a direct competitor to Wiz in the cloud security sector. The termination of the partnership and the acquisition of PingSafe mark a significant shift in the competitive landscape of the cybersecurity industry.
PartnersAcquisition
Cybersecurity unicorn Wiz eyes major expansion, public stock offering
growth-positive
Wiz hits $350 million in ARR, plans to add 400 employees in 2024 | CTech
Cloud security company Wiz has announced it has reached $350 million in Annual Recurring Revenue (ARR) and plans to go public. The company also announced the appointment of Dali Rajic, former President and COO of Zscaler, as its President and COO. Wiz, which has raised $900 million in funding and is valued at $10 billion, aims to reach $1 billion in sales. The company plans to add 400 workers globally in 2024. Wizs customers include Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda.
Management ChangesPublic TradingExpand
growth-positive
Cyber unicorn Wiz makes first acquisition with purchase of Israeli startup Raftt | CTech
Cybersecurity firm Wiz has acquired Israeli startup Raftt, marking its first acquisition since its establishment four years ago. Raftt, which has developed a cloud-based platform for creating and sharing development environments, was established in 2020 and raised $5 million from investors including Aleph VC and Cardumen Capital. The value of the deal was not disclosed, but it is estimated to be in the tens of millions of dollars. Between 10-20 Raftt employees are expected to join Wizs research and development teams in Israel.
AcquisitionInvestment
growth-positive
ושוב: Wiz מוצאת חולשת אבטחה חמורה במיקרוסופט, והפעם היא מטופשת במיוחד | גיקטיים
Israeli cybersecurity company Wiz has discovered a significant data leak at Microsoft. The leak was found in a GitHub repository associated with Microsofts AI research team and contained 38TB of private and professional information from Microsoft employees, including passwords, backups, and over 30,000 internal Teams messages. The leak was due to a misconfigured SAS Token, which provided full access to the storage account. Wiz reported the findings to Microsoft in June, and the token was made unavailable the next day.
Customers
Growth-Positive
A huge merger in Israeli cyber? Wiz considers potential bid for SentinelOne | CTech
Israeli cloud cyber startup Wiz is considering a bid for cybersecurity company SentinelOne, which is currently valued at around $4.9 billion. Wiz, valued at $10 billion in its latest funding round, is reportedly in talks with banks to finance the acquisition. The two companies, which announced a strategic agreement in March, have complementary cybersecurity solutions. SentinelOne, which competes with CrowdStrike, counts major companies and the U.S. government among its customers. Wiz will face competition for the deal from private investment funds and possibly from CrowdStrike.
AcquisitionInvestment
growth-negative
Orca Security alleges Wiz copied its technology
Orca Security, an Israeli cloud security company, has filed a lawsuit against its rival, Wiz, claiming patent infringement. Orca alleges that Wiz has built its business on the knowhow infrastructure that Orca had first developed, intentionally violating its intellectual property. Orca is demanding that Wiz stop selling all products and services that infringe its patents and pay financial compensation on Wizs profits for using its patents. The lawsuit also claims that Wiz copied Orcas marketing materials and hired the same lawyers that worked on registering Orcas patents.
Customers
growth-positive
Wiz co-founder: "We are still at the expansion stage and we will transition to profitability when we decide to do so" | CTech
Wiz, an Israeli cybersecurity startup, has raised $300 million in a funding round that valued the company at $10 billion. This valuation is a significant increase from the $6 billion valuation it received in the previous investment round. The company plans to use the funds to continue its growth and expansion. Wizs product allows organizations to quickly identify security risks and weaknesses in their cloud environments. The companys co-founder, Yinon Costica, stated that the companys rapid growth demonstrates the speed at which the world can now adopt new solutions.
InvestmentExpand
SentinelOne and Wiz Announce Exclusive Partnership to Deliver End to End Cloud Security
growth-positive
Cloud security startup Wiz hits $10 billion valuation with $300 million Series D | CTech
Wiz, an Israeli cloud security startup, announced it has raised $300 million in a Series D funding round, bringing its valuation to $10 billion. The round was led by Lightspeed Venture Partners, with participation from existing investors. Despite economic challenges, Wiz has seen rapid growth, achieving $100 million in annual recurring revenue (ARR) and expecting to reach $200 million in 2023. The company plans to open new offices in the U.S. but will not hold funds in Israel due to political instability. Wizs platform is used by over 35% of Fortune 100 companies, including BMW and Morgan Stanley.
InvestmentExpandCustomers
Growth-Negative
Cybersecurity unicorn Wiz to withdraw funds from Israel | CTech
Cybersecurity firm Wiz is moving its business accounts out of Israel in response to proposed judicial reforms by the Israeli government. The company will only keep enough funds in local accounts to cover salaries, rent, and other expenses. The decision is believed to be influenced by investors who wanted the company to diversify its investments. Wizs co-founders, CEO Assaf Rappaport and VP Product Yinon Costica, have been leading protests in the high-tech sector against the governments plans. The move follows similar decisions by Papaya Global and Israeli VCs Disruptive and Disruptive AI.
Management Changes
growth-positive
Wiz Launches Free Cloud Framework to Drive Community-Backed Security
Wiz has announced the development of The PEACH framework, a tenant isolation framework for cloud applications. The framework aims to provide guidance to build cloud services securely and prevent critical risks. It addresses cross-tenant vulnerabilities and lack of transparency in the industry. Wiz collaborated with industry experts from AWS, Google, IBM, Netflix, and Cisco to develop the framework. The company plans to offer the framework for free. Wiz is a leading cloud security platform and has experienced significant growth, securing organizations in the cloud. Its customers include Salesforce, Slack, BMW, and more. Wiz is backed by Sequoia, Index Ventures, Insight Partners, Salesforce, and other investors.
CustomersPartners
growth-positive
Wiz and BigID Expand Partnership to Extend Visibility and Control for Enterprise Data to Prevent Breaches
BigID has announced an expanded partnership with Wiz to accelerate end-to-end cloud-native data protection. The partnership combines Cloud-Native Application Protection (CNAPP) and Data Security Posture Management (DSPM) to reduce cloud risk and enhance cloud security strategies. The integration allows customers to automatically discover, identify, and classify their most sensitive and vulnerable data, as well as prioritize high-risk data and enforce security and business policies. The partnership aims to provide customers with deeper data visibility and control. BigID is a leader in data security, privacy, compliance, and governance, while Wiz is a leading cloud security platform. The event described in the article is the announcement of the expanded partnership between BigID and Wiz.
Partners
growth-positive
Raaz Herzberg appointed VP of Product Strategy at Wiz | CTech
Raaz Herzberg has been appointed as the VP of Product Strategy at Wiz. She will continue to lead various product aspects, marketing, and positioning in the cloud security market. Wiz, founded in March 2020, has raised $600 million in 18 months and has a valuation of $6 billion. The company is experiencing significant growth.
Management Changes
growth-positive
Wiz launches new cloud data security technology
Israeli startup Wiz has launched a new technology for data security in the cloud called Data Security Posture Management (DSPM). Wiz will integrate DSPM into its existing cloud security product. The DSPM field is crowded in Israeli tech, with several startups raising over $220 million from top investors. Wiz was founded in 2020 and has a valuation of $6 billion. The market penetration of DSPM solutions is currently less than 1%, but it is expected to generate billions of dollars in the future. Wiz believes customers will prefer a unified CSPM and DSPM solution. The companys VP of product strategy, Raaz Herzberg, highlights the advantage of combining sensitive information analysis with environment mapping for a complete picture of cloud risks.
PartnersInvestment
growth-positive
Cloud security startup Wiz reaches $100M ARR in just 18 months
Cloud security startup Wiz, founded two years ago, has achieved rapid growth, reaching $100 million in annual recurring revenue (ARR) in just over 18 months. The company raised $550 million in a Series A funding round in December, valuing it at $6 billion. Wiz focuses on high-value customers, including corporations like BMW, Blackstone, and Costco, as well as software companies like Salesforce, Snowflake, and Slack. Investors Sequoia Capital and Index Ventures have shown strong support, citing the companys quality and potential for long-term success. Wiz continues to expand its product offerings and plans to increase its workforce to 700-800 employees by the end of the year.
CustomersInvestmentExpand
growth-positive
"ההכנסות של Wiz צומחות בקצב המהיר ביותר שראיתי"
Wiz, an Israeli cybersecurity company, has seen rapid growth and investment, with a valuation of $6 billion and annual revenues in the tens of millions of dollars. The companys success is attributed to its team and its ability to adapt and innovate in the cybersecurity field. Wiz raised $250 million in October, just six months after it raised funds at a valuation of $1.7 billion. The companys founders are experienced in the field, having previously sold the start-up Adallom to Microsoft in 2015 for $320 million.
Investment
growth-positive
החופשה החלומית של עובדי Wiz אחרי הגיוס הענק: שבוע במאוריציוס ותחרות הישרדות עם גיא זוארץ כלכליסט
Wiz, a cybersecurity company, recently raised $250 million, bringing its valuation to $6 billion. Following the successful funding round, the company decided to treat its employees to a special activity in Mauritius. The company flew all 80 employees to the African island for a five-day vacation. During the vacation, Wiz hosted Guy Zohar, the host of the reality TV show Survivor, to lead a survival-style activity for the employees. Upon their return, the employees entered isolation according to health regulations. Wiz, founded in March 2020, develops cloud security products and is estimated to have quarterly revenues of $25.7 million. Its investors include Insight Partners, Greenoaks, SkyLake, and Blackstone. The company plans to go public in the future.
InvestmentExpand
growth-positive
Cloud security co Wiz raises $250m at $6b valuation
Israeli cloud security company Wiz has raised $250 million at a company valuation of $6 billion. The financing round was led by existing investors Insight Partners and Greenoaks, with participation from other existing investors. Wiz, founded in March 2020, has seen its valuation triple in the past six months. The company was founded by a team that previously sold Adallom to Microsoft for $320 million and led Microsofts Cloud Security Group.
Investment
growth-positive
Bernard Arnault an investor in Israeli cloud security co Wiz
Bernard Arnaults Aglaé Ventures has invested in Israeli cloud security company Wiz. Arnault joined a $120 million transaction in Wiz shares, along with Salesforce and Blackstone. Wiz, founded in 2020, has received substantial investment from prominent investors and raised $130 million at a valuation of $1.7 billion. The investment from Arnaults fund contributes to the companys positive growth.
Investment
growth-positive
כך מתכנן אסף רפפורט להפוך את וויז לענקית סייבר
Israeli cybersecurity startup Wiz is considering moving its headquarters from Tel Aviv to New York as part of its rapid expansion. The company, which currently employs around 100 people, has nearly 50 open positions, mostly in sales and customer management, in its new offices in San Francisco, Denver, and New York. Wiz was founded in March 2020 and began selling products only at the end of that year. It has already raised $230 million in funding, reaching a valuation of $1.7 billion in March 2021, making it a unicorn in record time. The companys expansion is part of its strategy to get closer to its customer base in North America.
InvestmentExpand
growth-positive
מנכ"ל סטארבקס לשעבר השקיע בסטארט-אפ Wiz של אסף רפפורט
Howard Schultz, the former CEO of Starbucks, has joined the latest funding round of Israeli cybersecurity company Wiz. The funding round gave Wiz a valuation of $1.7 billion. The demand for cloud security services is increasing as companies seek to strengthen their digital defenses against increasingly sophisticated hackers. The global market is expected to double to $68.5 billion by 2025. Wiz recently raised $130 million in funding from investors including Greenoaks Capital, Advent International, Sequoia, and Insight Partners. Wiz plans to expand beyond the US with the new funding.
Investment
growth-positive
A unicorn on steroids: Wiz raises $130 million series B to reach $1.7 billion valuation a year after its launch
Israeli cyber company Wiz has raised an additional $130 million in funding, bringing its valuation to $1.7 billion. The funding round was mostly raised from existing backers and new investors. Wiz is considered the fastest-growing cybersecurity company in Israel and has reached unicorn status in just one year since its founding. The company offers a simple and seamless cloud security solution. The funding comes at a time when the transition to the cloud is happening rapidly due to the COVID-19 pandemic.
Investment
growth-positive
Wiz, founded by former Microsoft Israel R&D head, raises $100 million series A
Cloud security company Wiz, founded by Assaf Rapaport, has raised a $100 million series A funding round. The investors include Index Ventures, Sequoia, Insight Partners, and Cyberstarts. The funding will enable the company to expand its personnel and recruit 70 developers in Israel and additional sales and marketing staff worldwide. Wizs cloud-native security product is already being used by paying customers, including Fortune 100 companies. The company aims to build a large company from the ground up and is focused on the transition to cloud security amid the COVID-19 pandemic.
InvestmentExpand
growth-positive
Former Microsoft Exec Assaf Rappaport's New Startup Raises $21 Million
Less than two months after stepping down as Microsofts head of research and development in Israel, Assaf Rappaports new cybersecurity startup, Beyond, has raised $21 million in investment. Rappaport and his co-founders left Microsoft to launch Beyond, with Rappaport serving as CEO. Investors in Beyond include Sequoia Capital and Gili Raanans cybersecurity fund. Microsoft has yet to announce a successor to Rappaport.
Investment
Wiz Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 3050 |
| Team members | 8 |
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Wiz Internal
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Admin Info
| Confidence | 93/100 |
| Missing | markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 516146271 |
| Crunchbase | wiz-inc |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2024-08-26T00:00:00.000Z |
| Created | 2020-02-09T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by Google on Mar, 2025 |