Public cloud cybersecurity solutions provider Wiz secured $300M in fresh funding as its eyes further expansion into the U.S., EMEA, and APAC markets.
Lightspeed Ventures led the Series D round, with participation from existing backers Greenoaks Capital Partners and Index Ventures. The firm intends to use the proceeds to increase its workforce strength and open three new offices in the U.S.
The New York-headquartered firm raised the funding at a $10 post-money valuation, which the firm claims to make it the world's largest cybersecurity unicorn.
- Wiz reported $100M ARR in July 2022, up from $1M 18 months ago.
- The fresh funding brings its total raised to date to $900M.
Cybersecurity startups secured $18.5B in venture funding in 2022.
- Despite a slump in funding over the previous year, VCs are bullish on the sector's potential considering the rise in cyberattacks, which increased by 38% YoY in 2022.
