Israel-based cybersecurity software provider Wiz raised $250m at a $6bn valuation yesterday, in a series C funding round featuring enterprise software produce Salesforce.
Growth equity firm Insight Partners and investment firm Greenoaks Capital co-led the round, which also included Sequoia Capital, Index Ventures and undisclosed other investors.
Founded in March 2020, Wiz has developed a software platform that gives companies nearly instant coverage of their entire multi-cloud environment, identifying risks, prioritising them and finding attack vectors.
The company had received $100m in a December 2020 series A round backed by Cyberstarts, Sequoia Capital, Insight Partners and Index Ventures.
Wiz added $130m three months later in an Advent Venture Partners-led round that included Cyberstarts, Index Ventures, Insight Partners, Sequoia and Greenoaks Capital, valuing it at $1.7bn.
Salesforce led a $120m round for the company in May this year with participation from asset manager Blackstone, with investors including Cyberstarts reportedly divesting shares.
Assaf Rappaport, Wiz’s co-founder and chief executive, said in a blog post announcing the round: “So much has happened in the past year and a half. We signed our first multi-million dollar deal six months after writing our first line of code.
“Wiz has since been adopted by more than 10% of the Fortune 500 and serves a diverse range of customers, from MassMutual to Fox, Blackstone, Salesforce, Slack, The Home Depot, Rivian, DocuSign and UiPath.”