Cyber Startup Wiz Raises Funds at $6 Billion Valuation (1)

Cloud security startup Wizmore than tripled its valuation to $6 billion in its latest funding round, Chief Executive Officer Assaf Rappaport said in an interview.

The Tel Aviv-based company raised $250 million from investors such as Insight Partners and Greenoaks Capital, Rappaport said. Sequoia Capital, Index Ventures and Salesforce Ventures also participated.

Assaf Rappaport

Photographer: Netanel Tobias

Wiz was valued at $1.8 billion when it raised money five months ago.

Founded in January 2020, the company has now attracted $600 million from investors looking to profit from the booming demand in cloud security services. A widespread shift to remote work ...