Wiz, the buzzy startup building an all-in-one cloud security platform, is on an acquisition march to expand its business quickly en route to an IPO.
Now, it has closed a major round of funding of $1 billion to help on that march.
The Series E — co-led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive — values Wiz at $12 billion, making it one of the most highly valued startups in cybersecurity today.
It’s a notable step up from the last time Wiz raised, in February 2023, when it closed a $300 million round at $10.3 billion post-money. When rumors of this latest fundraise circulated in the market in March, the amount was pegged at $800 million. The fact that the Series E is now at $1 billion speaks to how heated activity is around Wiz right now. “Iconic” was the word one investor, speaking to TechCrunch, used to describe the company.
(The company confirmed…
