Wiz Raises $130M in Series B Funding; Valued at $1.7 Billion

Wiz, a Palo Alto, Calif. And Tel Aviv, Israel-based cloud infrastructure security company, raised $130M in Series B funding, bringing its valuation to $1.7 Billion.

The round was led by Advent Venture Partners with participation from existing investors Cyberstarts, Index Ventures, Insight Partners and Sequoia Capital.

The company intends to use the funds to expand operations and its business reach since its emergence from stealth three months ago.

Co-founded by Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik) Wiz provides a platform for companies to secure their cloud infrastructure at scale.

Learn more about the product here