Israeli cloud security startup Wiz has raised $250 million, or more than 216 million euros converted. The company now has a valuation of six billion dollars (5.19 billion euros) after the closing of this Series C funding round.
The cloud security unicorn has planned to invest its Series C proceeds in expanded support for public hosting environments. In doing so, Wiz is capitalizing on the trend of more and more workloads moving to public cloud including Google Cloud Platform, Amazon Web Services (AWS), and Microsoft Azure.
Founded in 2020, Wiz currently counts 180 employees which are based in the United States and Israel. Previously this year, the company completed a $350M funding round that initially valued it at $1.7 billion. Most investors from the previous round also participated in this new financing round. With the latest round, Wiz is now even valued at $6 billion.
Assaf Rappaport – CEO
Previously, Assaf Rappaport was CEO and co-founder of Adallom, a leading Cloud Access Security Broker (CASB) before its acquisition by Microsoft in July 2015. At Microsoft he led Microsoft’s Cloud Security group and served as the GM of Microsoft Israel’s R&D Center. In his earlier days Assaf managed several strategy-focused projects in Israel and Australia, while working for McKinsey & Company. Mr. Rappaport is a veteran Captain of the elite 8200 intelligence unit of the Israeli Defense Force. He holds an M.Sc. in Computer Science from the Technion Israel Institute of Technology and a B.Sc. in Computer Science, Physics, and Mathematics from the Hebrew University. He has been recognized by both Cisco and Intel for innovations in CDN.
Ami Luttwak – CTO
Ami Luttwak has more than 15 years of experience in information security and is an expert in cloud security, spanning infrastructure, networks, and application development. Previously, Mr. Luttwak was the CTO of Adallom, a leading Cloud Access Security Broker (CASB), prior to its acquisition by Microsoft in July 2015. At Microsoft he was the CTO of Microsoft’s Cloud Security Group and led product innovation for Microsoft Israel’s R&D group, overseeing acquisitions and incubation projects for leading products such as Azure Security Center, Azure Sentinel, and Azure Advanced Threat Protection. Luttwak served roles as an R&D team leader and group architect in the Israeli Intelligence Corps and holds an M.Sc. and a B.Sc. in Computer Science from the Hebrew University. He has been featured as a cybersecurity expert in Forbes.