Bernard Arnault an investor in Israeli cloud security co Wiz
Arnault s Aglaé Ventures took part in a $120 million transaction in Wiz shares first reported in May.
Bernard Arnault, recently named the richest person in the world by Forbes magazine, is invested in Israeli cloud security company Wiz, headed by Assaf Rappaport. Arnault invested in Wiz through his Aglaé Ventures investment fund. The wealth of luxury products corporation LVMH founder Arnaud is estimated at $198 billion.
Arnault s investment fund joined a $120 million transaction first reported in late May. The investors in the round reported until now were software giant Salesforce and US investment company Blackstone. It has now been revealed that Arnault s fund also participated. Part of the money went to Wiz, while part was paid to Gili Raanan s Cyberstarts fund, which sold half its holding in Wiz.
Ex-Starbucks Boss Schultz Backs $1 7 Billion Cyber Firm Wiz
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A tiny security start-up founded by engineers who sold their last company to Microsoft is already worth $1 7 billion
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