Wiz announces $130 million Series B for cloud security growth
Summary
Wiz announced a $130 million Series B and plans to invest in its cloud-security business and team. The company says its platform connects to multi-cloud environments and that more than 10% of Fortune 500 companies used it within three months of its launch from stealth.
Key points
- Wiz announced a $130 million Series B, following a $100 million Series A in December 2020.
- Advent International led the round; Greenoaks and existing investors also participated.
- Wiz focuses on cloud infrastructure security across VMs, containers, accounts, and cloud platforms including AWS, Azure, GCP, and Kubernetes.
- The company says its platform correlates network, identity, configuration, and workload data to identify high-risk attack vectors.
- Wiz says over 10% of Fortune 500 companies were using its product in the first three months after it emerged from stealth.
- The company said the new funding would support investment in its team and continued growth.
Article Details
- Event Type
- Wiz announced a $130 million Series B funding round and a $1.7 billion valuation.
- Impact
- The funding gives Wiz resources to expand its team and grow its cloud infrastructure security business. The article reports that more than 10% of the Fortune 500 were using Wiz within its first three months out of stealth.