Israeli cloud security startup Wiz emerges from stealth with $100M in funding
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Israeli cloud security startup Wiz Inc. has emerged out of stealth with the announcement of $100 million in new funding to allow it to scale up to meet customer demand.
The Series A round included Index Ventures, Sequoia Capital, Insight Partners and Cyberstarts. Under the deal, 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 are joining the Wiz board.
The company was founded in January by Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik, former leads of Microsoft’s Cloud Security Group and the founding team of Adallo Inc., a cybersecurity startup acquired by Microsoft for $320 million in 2015. Wiz is developing a cloud security product that is designed to help companies secure their cloud infrastructure.