Wiz tech firm raises $300m to become the biggest cyber-unicorn of them all
A cloud-based startup founded a mere three years ago is now valued at a cool $10 billion, making it the world’s most highly valued young company in cybersecurity.
"Wiz raises $300 million in Series D at a record-breaking $10 billion valuation – becoming the largest cybersecurity unicorn in the world!" the company said.
According to analyst CB Insights, which tracks unicorns – or startups valued at more than $1 billion – worldwide, Tanium, a privately held endpoint security and systems management company based in California, was previously the biggest beast in the cybersecurity stable, valued at $9 billion.
During its short lifetime, Wiz has raised $900 million from investors, including Sequoia Capital, Insight Partners, Blackstone and G Squared. The company's clients include BMW, Morgan Stanley, Salesforce, Slack, Colgate, and Blackstone, among other big brands.
Headquartered in New York, Wiz has 650 employees and plans to expand globally.
“We are extremely proud of our growth rate in terms of number of customers, sales and valuation, especially in view of the current market conditions for global high-tech,” said Assaf Rappaport, CEO of Wiz.
“This round of funding will accelerate the growth of our global operations, enable diversification of our customers across a range of industries, and support our commitment to continued innovation.”
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