Cybersecurity startup Wiz raises $1bn at $12bn valuation, led by AH, LSVP, and Thrive, for M&A, talent, and product development.

Cybersecurity startup Wiz secures $1bn in funding at a $12bn valuation, totaling $1.9bn raised. Led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, the funds will support M&A, talent recruitment, and product development, with a focus on CDR (Cloud Detection and Response) capabilities. Founded in 2020, Wiz has achieved $350m ARR and works with 40% of Fortune 100 companies.

May 07, 2024
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