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.
9 Israeli-Founded Companies Reach Unicorn Status In 1st Quarter Of 2021
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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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The tech unicorn fever in Israel is showing no signs of subsiding. Three more local cyber companies Wiz, Orca Security, and Axonius are planning to announce in the coming weeks that they have completed large funding rounds at valuations topping $1 billion each.
All three companies raised more than $50 million in 2020 and are taking advantage of the readily available capital to secure additional rounds, while upping their valuations, shortly after their previous ones.
Assaf Rapaport. Photo: Nathaniel Tobias
Wiz is the youngest of the three, having only been founded in 2020 and having just recently completed its series A funding round. According to market estimates, Wiz’s upcoming round will raise over $100 million and catapult the company’s valuation to well over a billion dollars. Wiz completed its first capital raise only in December, in which it secured $100 million from a series of leading investors, including VC funds Index Ventures, Sequoia, Insight Part
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From leaving Microsoft to sparking Wiz s rise: The journey of Assaf Rappaport
Still in his 30s, and already one of the most fascinating figures in Israeli tech, Assaf Rappaport shares, in part 1 of a 2 part interview, his journey from student, through selling his company for $320M, to leading Microsoft s Israeli R&D, and finally returning to the entrepreneurial game. Idan Ben Tovim / 25 Feb 2021 • 4 min read
Despite still being in his 30s, Assaf Rappaport has held positions across the Israeli tech ecosystem. Entrepreneur? Check. Acquisition? Check. R&D center General Manager of a major tech giant? Check. Even a check writing investor - Check. But it seems as if nothing could prepare him for the adventure of establishing his new startup.