Categories: Economy

Wiz Cybersecurity Startup Secures $1 Billion in Funding, Valued at $12 Billion

Israeli cybersecurity startup Wiz recently announced that it has successfully raised $1 billion in capital, bringing its company valuation to $12 billion. This latest funding round marks a significant milestone for the two-year-old company, which has already raised a total of $1.9 billion from various investors since its inception in 2020.

In February 2023, Wiz completed its most recent funding round, raising $300 million from investors at a company valuation of $10 billion. With this substantial injection of capital, Wiz is well-positioned to continue expanding its operations and developing innovative solutions to address the evolving challenges in cybersecurity.

Wiz’s impressive growth trajectory was also evident in 2023 when the company generated revenues totaling $350 million. As a leader in cloud security, Wiz has proven its ability to deliver effective solutions and establish itself as a key player in the cybersecurity landscape. With its robust financial backing and strong track record, Wiz is poised for further success and growth in the years ahead.

Samantha Jones

As a versatile content writer at newszkl.com, I dive into the realm of words to craft compelling narratives and informative pieces. With a passion for storytelling and a knack for research, I strive to deliver engaging and accurate content that resonates with our readers. Whether it's breaking news or in-depth features, I am dedicated to creating content that informs, entertains, and sparks meaningful conversations. Join me on this journey through the world of words as we explore the latest stories and trends together.

Share
Published by
Samantha Jones

Recent Posts

Safe Grilling: Tips for Food Safety during Summer Cookouts

As summer approaches, the Central Michigan District Health Department is providing tips to ensure the…

22 mins ago

Facebook and Instagram Face EU Investigation for Addictive Effects on Children

Meta, the parent company of Facebook and Instagram, is under investigation by the European Commission…

1 hour ago

Legal Action Imminent for Unauthorized Reproduction of Northwest Arkansas Newspapers LLC Article

Northwest Arkansas Newspapers LLC holds all rights to the article. Any attempt to reprint it…

2 hours ago

Ryuju Nagayama Faces Tough Opponent in First Senior World Championship Match in Paris Olympics

In the upcoming Paris Olympic Games, Ryuju Nagayama will be representing Japan in the -60kg…

3 hours ago

Empowering Science and Technology for Sustainable Humanitarian Development: Xujing Town’s Quest to Improve Procurement Capabilities

Xujing Town in Qingpu District is working to improve the procurement capabilities of businesses in…

4 hours ago

Wildcats Baseball Season Ends on a Sour Note at Regional Tournament

The Wildcats' baseball season ended on a sour note as they lost to Cedar Park…

5 hours ago