Cloud Security Startup Wiz Raised $250 Million after Reaching $6 Billion Valuation in 18 Months

6
Cloud Security Startup Wiz Raised _250 Million after Reaching _6 Billion Valuation in 18

Cybersecurity firm Wiz Inc. has reached a $6 billion valuation just 18 months after founding, thanks to a fresh $250 million fundraising round headed by Greenoaks Capital and Insight Partners.

The round follows Wiz’s previous funding round, which took place six months ago. Greenoaks and Insight Partners, as well as other notable investors such as Sequoia Capital, Salesforce.com Inc., and Index Ventures, helped the Israeli business raise $350 million in the capital at a $1.7 billion valuation earlier this year.

Wiz is a cybersecurity technology that assists businesses in identifying vulnerabilities in cloud settings. The platform detects insecurely configured cloud infrastructure resources.

To Read More: SiliconAngle

For more such updates follow us on Google News ITsecuritywire News