Naama Barak
March 5, 2023

Israeli cybersecurity startup Wiz announced on February 27 that it has raised $300 million at a $10 billion valuation, making it the largest cybersecurity unicorn, or decacorn, in the world.

The startup provides organizations with a security platform to identify and remove risks in the cloud, and supports brands such as Costco, Slack, BMW and Chipotle.

Wix was founded in 2020 by three ex-Microsoft execs who’d joined the tech giant after selling it their previous startup, Adallom. Headquartered in New York, the company numbers over 600 employees, with more than 100 in Tel Aviv.

 Wiz employees have good reason to be happy after the company reached a $10b valuation. Photo courtesy of Wiz
Wiz employees have good reason to be happy after the company reached a $10b valuation. Photo courtesy of Wiz

“When we started Wiz just over three years ago, we set out to help security and dev teams transform their security operation model to the world of cloud,” Wiz cofounder and CEO Assaf Rappaport noted on the company’s website.

“We’ve come a long way in a short time, with record-breaking ARR, leading investors, hallmark customers, rapid product innovation, and company growth that has brought us to where we are today,” said Rappaport.

“We’re celebrating with our team and customers, but remain focused on what’s next. This is just another step towards becoming a security platform truly loved (yes, loved!) by security teams and developers alike, enabling them to build faster and safer than ever before,” he added.

“We’re committed to the fast-paced innovation that led us so far, and the expansion of the platform to secure cloud environments from code to runtime.” 

The Series D financing round was led by Lightspeed Venture Partners and Wiz’s existing investors, Greenoaks Capital Partners and Index Ventures.

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Jason Harris

Jason Harris

Executive Director

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