Enterprise software producer Salesforce has led a $120m funding round for Israel-based cybersecurity software provider Wiz, Bloomberg reported on Tuesday, citing a person familiar with the matter.
Asset manager Blackstone also participated in the round, according to Calcalist, which reported that it included a ‘significant’ secondary element, with investors including VC fund Cyberstarts selling their shares.
Wiz’s software accumulates security data from an organisation’s entire cloud offering and compiles them into a single graph which allows customers to get a clear view of security risks and prioritise them accordingly.
The platform works across multiple clouds and streamlines data to avoid teams having to deal with constant alerts focusing on small-scale risks.
The startup was founded in March 2020 and emerged from stealth nine months later with $100m in series A funding from Cyberstarts, Sequoia Capital, Insight Partners and Index Ventures.
Advent Venture Partners led a $130m round for Wiz in March this year at a $1.7bn valuation, investing together with Cyberstarts, Index Ventures, Insight Partners, Sequoia and Greenoaks Capital.
