Cloud safety vendor Wiz has reached $10 billion valuation within the wake of a $300 million Series D spherical. Wiz plans to make use of the most recent funding for product growth and to extend the dimensions of its workforce.
Security groups can use Wiz’s cloud safety platform to investigate infrastructure hosted in public cloud companies similar to Amazon Web Services, Azure, and Google Cloud, in addition to to observe infrastructure-as-code, APIs, and containers for vulnerabilities and misconfigurations. The platform consolidates a variety of capabilities, together with cloud safety posture administration, exterior assault floor administration, cloud detection and response, and cloud-native software safety. At the guts of Wiz’s providing is the “safety graph,” which triages and correlates assault paths in order that developer and safety groups have details about the reason for a breach and methods to reply.
The firm’s rise has been stratospheric, launching in March 2020 and hitting unicorn standing a 12 months later with a valuation of $1.7 billion. Wiz was valued at $6 billion after elevating $250 million in a Series C funding spherical in October 2021. Wiz has raised $900 million so far.
The pleasure round Wiz underscores a red-hot cloud safety market that has accelerated as organizations shift extra of their workloads to the cloud to accommodate a rising distant workforce and to help digital transformation initiatives. There are a number of cloud safety distributors carving out house out there, similar to Palo Alto Networks and Check Point, and fairly a number of are chasing enterprise capital funding, similar to Sentra, Gem Security, Dig Security, Laminar, and Ops Security.