{"id":5602,"date":"2024-05-07T13:53:30","date_gmt":"2024-05-07T13:53:30","guid":{"rendered":"https:\/\/forbes.co.il\/e\/?p=5602"},"modified":"2024-05-07T13:53:31","modified_gmt":"2024-05-07T13:53:31","slug":"cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation","status":"publish","type":"post","link":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/","title":{"rendered":"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cloud security company Wiz announced a $1 billion funding round, valuing the company at $12 billion. The round, led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, brings Wiz&#8217;s total funding to $1.9 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2020, Wiz reported $350 million in annual recurring revenue (ARR) in 2023. The company&#8217;s growth is attributed to demand for its cloud security products and an industry trend towards consolidated security offerings. Wiz recently acquired Gem Security, a Cloud Detection and Response (CDR) provider, to enhance its Cloud Native Application Protection Platform (CNAPP).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This funding round will help us continue to solve customers&#8217; complex cloud security challenges in an elegant, simple manner while supporting their broader vendor consolidation efforts,&#8221; said Assaf Rappaport, CEO and cofounder of Wiz.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the past year, Wiz appointed Dali Rajic, former COO &amp; President of Zscaler, as its new COO &amp; President. The company serves 40% of the Fortune 100 and has been recognized as the top-ranked security product by independent customer reviews on G2. Wiz was also the highest-ranked cloud security company on the Forbes Cloud 100 list.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wiz plans to use the latest funding to pursue mergers and acquisitions, hire talent, and develop its products. The company anticipates that 2024 will be a year of significant consolidation in the security industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The $1 billion funding round positions Wiz for a potential future IPO. The company aims to continue its growth and establish itself as a significant player in the cybersecurity industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital<\/p>\n","protected":false},"author":5,"featured_media":5603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation - Forbes Israel<\/title>\n<meta name=\"description\" content=\"Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation - Forbes Israel\" \/>\n<meta property=\"og:description\" content=\"Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital\" \/>\n<meta property=\"og:url\" content=\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"Forbes Israel\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ForbesIsrael\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-07T13:53:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-07T13:53:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Forbes Israel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ForbesIsrael\" \/>\n<meta name=\"twitter:site\" content=\"@ForbesIsrael\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Forbes Israel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\"},\"author\":{\"name\":\"Forbes Israel\",\"@id\":\"https:\/\/forbes.co.il\/e\/#\/schema\/person\/e15325ddafdfca8ca76ad18e275bb534\"},\"headline\":\"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation\",\"datePublished\":\"2024-05-07T13:53:30+00:00\",\"dateModified\":\"2024-05-07T13:53:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/forbes.co.il\/e\/#organization\"},\"image\":{\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg\",\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\",\"url\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\",\"name\":\"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation - Forbes Israel\",\"isPartOf\":{\"@id\":\"https:\/\/forbes.co.il\/e\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg\",\"datePublished\":\"2024-05-07T13:53:30+00:00\",\"dateModified\":\"2024-05-07T13:53:31+00:00\",\"description\":\"Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital\",\"breadcrumb\":{\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage\",\"url\":\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg\",\"contentUrl\":\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg\",\"width\":900,\"height\":445,\"caption\":\"Wiz Founders: Roy Reznik (R), Ami Luttwac, Assaf Rappaport and Yinon Costica | Photo: Avishag Shaar-Yashuv\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/forbes.co.il\/e\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/forbes.co.il\/e\/#website\",\"url\":\"https:\/\/forbes.co.il\/e\/\",\"name\":\"Forbes Israel\",\"description\":\"The leading business magazine in the world\",\"publisher\":{\"@id\":\"https:\/\/forbes.co.il\/e\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/forbes.co.il\/e\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/forbes.co.il\/e\/#organization\",\"name\":\"Forbes Israel\",\"url\":\"https:\/\/forbes.co.il\/e\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/forbes.co.il\/e\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2022\/08\/forbes-featured-image.png\",\"contentUrl\":\"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2022\/08\/forbes-featured-image.png\",\"width\":1200,\"height\":600,\"caption\":\"Forbes Israel\"},\"image\":{\"@id\":\"https:\/\/forbes.co.il\/e\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ForbesIsrael\/\",\"https:\/\/x.com\/ForbesIsrael\",\"https:\/\/www.instagram.com\/forbes_israel\/\",\"https:\/\/www.linkedin.com\/company\/forbes-israel\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/forbes.co.il\/e\/#\/schema\/person\/e15325ddafdfca8ca76ad18e275bb534\",\"name\":\"Forbes Israel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/60abe2df8017f64bdccb11e45c3144ca6e1c2884c034f453d1a6d07b3319dee1?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/60abe2df8017f64bdccb11e45c3144ca6e1c2884c034f453d1a6d07b3319dee1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/60abe2df8017f64bdccb11e45c3144ca6e1c2884c034f453d1a6d07b3319dee1?s=96&d=mm&r=g\",\"caption\":\"Forbes Israel\"},\"sameAs\":[\"https:\/\/forbes.co.il\/e\/\"],\"url\":\"https:\/\/forbes.co.il\/e\/author\/forbes\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation - Forbes Israel","description":"Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/","og_locale":"en_US","og_type":"article","og_title":"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation - Forbes Israel","og_description":"Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital","og_url":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/","og_site_name":"Forbes Israel","article_publisher":"https:\/\/www.facebook.com\/ForbesIsrael\/","article_published_time":"2024-05-07T13:53:30+00:00","article_modified_time":"2024-05-07T13:53:31+00:00","og_image":[{"width":900,"height":445,"url":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg","type":"image\/jpeg"}],"author":"Forbes Israel","twitter_card":"summary_large_image","twitter_creator":"@ForbesIsrael","twitter_site":"@ForbesIsrael","twitter_misc":{"Written by":"Forbes Israel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#article","isPartOf":{"@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/"},"author":{"name":"Forbes Israel","@id":"https:\/\/forbes.co.il\/e\/#\/schema\/person\/e15325ddafdfca8ca76ad18e275bb534"},"headline":"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation","datePublished":"2024-05-07T13:53:30+00:00","dateModified":"2024-05-07T13:53:31+00:00","mainEntityOfPage":{"@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/"},"wordCount":243,"publisher":{"@id":"https:\/\/forbes.co.il\/e\/#organization"},"image":{"@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage"},"thumbnailUrl":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg","articleSection":["Technology"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/","url":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/","name":"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation - Forbes Israel","isPartOf":{"@id":"https:\/\/forbes.co.il\/e\/#website"},"primaryImageOfPage":{"@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage"},"image":{"@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage"},"thumbnailUrl":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg","datePublished":"2024-05-07T13:53:30+00:00","dateModified":"2024-05-07T13:53:31+00:00","description":"Funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital","breadcrumb":{"@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#primaryimage","url":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg","contentUrl":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2024\/05\/wiz-founders-credit-avishag-shaar-yashuv.jpg","width":900,"height":445,"caption":"Wiz Founders: Roy Reznik (R), Ami Luttwac, Assaf Rappaport and Yinon Costica | Photo: Avishag Shaar-Yashuv"},{"@type":"BreadcrumbList","@id":"https:\/\/forbes.co.il\/e\/cloud-security-firm-wiz-raises-1-billion-reaches-12-billion-valuation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/forbes.co.il\/e\/"},{"@type":"ListItem","position":2,"name":"Cloud Security Firm Wiz Raises $1 Billion, Reaches $12 Billion Valuation"}]},{"@type":"WebSite","@id":"https:\/\/forbes.co.il\/e\/#website","url":"https:\/\/forbes.co.il\/e\/","name":"Forbes Israel","description":"The leading business magazine in the world","publisher":{"@id":"https:\/\/forbes.co.il\/e\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/forbes.co.il\/e\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/forbes.co.il\/e\/#organization","name":"Forbes Israel","url":"https:\/\/forbes.co.il\/e\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/forbes.co.il\/e\/#\/schema\/logo\/image\/","url":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2022\/08\/forbes-featured-image.png","contentUrl":"https:\/\/forbes.co.il\/e\/wp-content\/uploads\/2022\/08\/forbes-featured-image.png","width":1200,"height":600,"caption":"Forbes Israel"},"image":{"@id":"https:\/\/forbes.co.il\/e\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ForbesIsrael\/","https:\/\/x.com\/ForbesIsrael","https:\/\/www.instagram.com\/forbes_israel\/","https:\/\/www.linkedin.com\/company\/forbes-israel"]},{"@type":"Person","@id":"https:\/\/forbes.co.il\/e\/#\/schema\/person\/e15325ddafdfca8ca76ad18e275bb534","name":"Forbes Israel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/60abe2df8017f64bdccb11e45c3144ca6e1c2884c034f453d1a6d07b3319dee1?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/60abe2df8017f64bdccb11e45c3144ca6e1c2884c034f453d1a6d07b3319dee1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/60abe2df8017f64bdccb11e45c3144ca6e1c2884c034f453d1a6d07b3319dee1?s=96&d=mm&r=g","caption":"Forbes Israel"},"sameAs":["https:\/\/forbes.co.il\/e\/"],"url":"https:\/\/forbes.co.il\/e\/author\/forbes\/"}]}},"_links":{"self":[{"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/posts\/5602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/comments?post=5602"}],"version-history":[{"count":1,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/posts\/5602\/revisions"}],"predecessor-version":[{"id":5604,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/posts\/5602\/revisions\/5604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/media\/5603"}],"wp:attachment":[{"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/media?parent=5602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/categories?post=5602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forbes.co.il\/e\/wp-json\/wp\/v2\/tags?post=5602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}