Wiz, a Palo Alto, CA- and Tel Aviv, Israel-based cloud security company, emerged from stealth with $100m in Series A financing.
Backers included Index Ventures, Sequoia, Insight Partners and Cyberstarts. In conjunction with the funding, Doug Leone, global managing partner at Sequoia Capital, Shardul Shah, partner at Index Ventures, Jeff Horing, managing director at Insight Partners, and Gili Raanan of Cyberstarts will be joining the Wiz team as board members.
The company intends to use the funds to scale to meet customer demand for its cloud security solutions.
Led by Assaf Rappaport, CEO and co-founder, Wiz is a cloud security company that allows companies to secure their cloud infrastructure at scale. Their cloud-native security product has been already used by paying customers, including Fortune 100 companies.
Wiz was founded in January 2020 by the former leads of Microsoft’s Cloud Security Group and the founding team of Adallom, which was acquired by Microsoft in 2015 for $320m. The team of Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik have worked together for more than 15 years, including at Adallom where they built a leader in the cloud access broker security (CASB) space.