Cloud Security Leader Wiz Announces $300 Million Series D Financing Round at $10 Billion Valuation

Within three years of the company founding, due to accelerated global demand for its cloud security platform, Wiz becomes the world’s largest cybersecurity unicorn and fastest SaaS company to reach a 10B valuation.

Three years from establishment, Wiz, a leader in cloud security, has raised $300 million at a $10 billion valuation led by Lightspeed Venture Partners and existing investors Greenoaks Capital Partners and Index Ventures. Valued at $10 billion, Wiz is now the world’s largest cybersecurity unicorn and fastest SaaS company to achieve a $10 billion valuation.

The demand for Wiz’s product is evident in customer validation from more than 35% of Fortune 100 companies, including BMW and Morgan Stanley, as well as other leading companies such as Salesforce, Slack, Colgate, and Blackstone, demonstrating that Wiz’s approach to cybersecurity is the future of the industry. Additionally, earlier this month, G2, the world’s largest software marketplace, awarded Wiz Best Security Product for 2023.

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Wiz has expanded its cloud security platform (CSPM & CNAPP) during 2022, adding modules for Container and Kubernetes security, Data Security Posture Management (DSPM), and Cloud Detection and Response (CDR), enabling organizations to further consolidate their cloud security program to a single platform that is truly built for cloud.

The company, founded in March 2020 and headquartered in New York, plans to add additional headcount to its existing 650 employees in the U.S. and globally, and open three new U.S. offices in Austin, Dallas and Washington, DC. Wiz will continue expanding its workforce with the best talent and will continue expanding in the U.S. market, including the federal government in its efforts to secure the nation from cyber attacks. The funds will also support the continued global expansion in EMEA and APAC.

Since inception almost three years ago, Wiz has raised $900M from investors, including Sequoia Capital, Insight Partners, Blackstone and G Squared. The company is also backed by prominent private investors and leading entrepreneurs such as the world’s wealthiest individual, Bernard Arnault, and Starbucks founder, Howard Schultz.

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