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- Wiz
Wiz Acquisition, Valuation, Funding & Investors
Wiz was acquired by Alphabet for $32B in March 2025, a 32.0x multiple on $1B of revenue.
Wiz revenue at acquisition
$1B
Last twelve months · Mar 2025
Wiz revenue multiple at acquisition
32.0x
EV/Revenue · Mar 2025
Cumulative funding Wiz raised
$1.9B
across 7 funding rounds
About Wiz
Wiz is a cloud security company founded in 2020 and headquartered in New York, offering an agentless cloud-native security platform that enables organizations to identify and remediate risks across their entire cloud environment — including misconfigurations, vulnerabilities, exposed secrets, and excessive permissions — without the need to install agents. The platform integrates across major cloud providers including AWS, Azure, Google Cloud, and Oracle Cloud, and provides a unified graph-based view of cloud infrastructure to surface critical attack paths. Wiz grew rapidly to become one of the fastest-growing enterprise software companies on record, reaching $100 million in ARR within 18 months of launch. In 2025, Google announced its acquisition of Wiz for approximately $32 billion, marking one of the largest cybersecurity acquisitions in history.
Founded
2020
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$350M (May 2024)
Valuation
$12B (May 2024)
Wiz Acquisition
Wiz was acquired by Alphabet for $32B on 18 March 2025.
The acquisition price implies a 32.0x revenue multiple on $1B of revenue.
Before the acquisition Wiz had raised $1.9B across 7 funding rounds.
Google announced on 18 March 2025 a definitive agreement to acquire Wiz for $32 billion in cash, the largest acquisition in Alphabet's history and the largest ever of a venture-backed private company at the time, eight months after a reported $23 billion approach had collapsed when Wiz chose to keep pursuing an independent path. Wiz, founded in 2020 by Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak and headquartered in New York with research in Tel Aviv, sells an agentless cloud security platform used by roughly half of the Fortune 100, and had reported about $500 million of annual recurring revenue at the start of 2025 with a target of $1 billion. Google said Wiz would join Google Cloud while continuing to support AWS, Azure and other clouds, and framed the deal as strengthening multicloud security and AI-era cyber defence. The transaction received unconditional antitrust clearance from the US Department of Justice in November 2025 and from the European Commission and other regulators, and closed on 11 March 2026. Wiz's last private valuation had been $12 billion at its May 2024 Series E.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 18 Mar 2025 | Strategic M&A | $32B | 32.0x |
Sources: blog.google, cnbc.com
Wiz Valuation
Wiz is currently valued at $12B, based on its Series E in May 2024. Read the announcement ↗
The $1B round was led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital, with participation from Salesforce Ventures, Greenoaks, Index Ventures, Wellington Management, Howard Schultz and 4 other investors.
Wiz's valuation has grown 7.1x from $1.7B at its Series B in March 2021 to $12B in May 2024, across 5 priced rounds.
Wiz valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2024 | Series E | $12B | 34.3x |
| Feb 2023 | Series D | $10B | 100.0x |
| Oct 2021 | Series C | $6B | - |
| May 2021 | Series B | $1.7B | - |
| Mar 2021 | Series B | $1.7B | - |
Wiz Revenue
Wiz's latest recorded revenue is $350M, as of its Series E in May 2024. At a $12B valuation, that implies a 34.3x revenue multiple.
Revenue grew from $100M in February 2023 to $350M in May 2024, while the revenue multiple moved from 100.0x to 34.3x.
Wiz revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2024 | $350M | $12B | 34.3x | Series E |
| Feb 2023 | $100M | $10B | 100.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Wiz Funding History
Wiz has raised a total of $1.9B across 7 funding rounds, plus 1 secondary share sale.
Wiz's first fundraising round was a $21M seed round in February 2020. The most recent completed round was a $1B Series E in May 2024.
Wiz funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Series E | Andreessen Horowitz (lead); Lightspeed Venture Partners (lead); Thrive Capital (lead); Salesforce Ventures; Greenoaks; Index Ventures; Wellington Management; Howard Schultz; Cyberstarts; Sequoia Capital; Greylock; Olive Technology Ventures | $1B | $12B | Wiz, a cloud security platform founded in 2020 and headquartered in New York, raised $1 billion in its Series E funding round in May 2024 at a $12 billion post-money valuation. The round was co-led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital. This brought total funding to $1.9 billion. The funding supports acquisitions like Gem Security and Raftt, product expansion in cloud security posture management, and preparation for an eventual IPO once reaching $1 billion ARR. Wiz was generating over $350 million in annual recurring revenue at the time. This round followed a $300 million Series D in February 2023 at $10 billion valuation, positioning Wiz as a leading cybersecurity unicorn amid growing demand for cloud and AI security solutions. |
| Feb 2023 | Series D | Greenoaks (lead); Index Ventures (lead); Lightspeed Venture Partners (lead); Bernard Arnault; Howard Schultz; Blackstone; G Squared; Cyberstarts; Sequoia Capital; Insight Partners | $300M | $10B | Wiz, a New York-based cloud security company founded in 2020, provides a comprehensive cloud-native platform that consolidates vulnerability assessment, data security, and permission analysis into a single tool, offering actionable insights to enterprises managing complex cloud environments. The company serves over 35% of Fortune 100 customers including BMW, Morgan Stanley, Salesforce, Slack, Colgate, and Blackstone, positioning it as a leader in the shift from fragmented point solutions to unified cloud security offerings. On February 27, 2023, Wiz raised $300 million in a Series D funding round at a $10 billion post-money valuation, co-led by Lightspeed Venture Partners, Greenoaks Capital Partners, and Index Ventures. Participation came from existing investors like Sequoia Capital, Insight Partners, Blackstone, G Squared, Cyberstarts, as well as prominent individuals including Bernard Arnault and Howard Schultz. This brought total funding to approximately $900 million since inception. The proceeds were earmarked for accelerating global operations, hiring beyond its existing 650 employees, opening new U.S. offices in Austin, Dallas, and Washington, DC, and advancing product innovation to meet surging demand in cloud security. Wiz claimed the title of the world's largest cybersecurity unicorn and the fastest SaaS company to reach $10 billion valuation just three years after founding, validated by G2 awarding it Best Security Product for 2023. The round followed the company's 2021 financing at a $6 billion valuation, and Wiz had reported reaching $100 million in annual recurring revenue within 18 months of launching its product. A larger Series E followed in May 2024, when Wiz raised $1 billion at a $12 billion valuation. |
| Oct 2021 | Series C | Greenoaks (lead); Insight Partners (lead); Index Ventures; Salesforce; Cyberstarts; Sequoia Capital | $250M | $6B | Wiz, a cloud security startup founded in 2020 by a team that previously sold Adallom to Microsoft for $320 million in 2015, raised a Series A round of $100 million at a $500 million valuation in 2021 from investors including Cyberstarts, Greenoaks, Index Ventures, Insight Partners, Salesforce Ventures, and Sequoia Capital, with Greenoaks and Insight Partners as leads. The funding supported rapid product development in workload security, posture management, data security, and entitlements management, positioning Wiz as a unified cloud-native platform amid enterprises seeking to consolidate security tools post-2021 software spending cuts. This early capital infusion enabled Wiz's hypergrowth trajectory, leveraging the founders' expertise to address multi-cloud security gaps. Growth accelerated with $200 million ARR by May 2023 and $350 million by February 2024, surpassing $500 million by mid-2024 while targeting $1 billion ARR ahead of a planned IPO. Wiz expanded integrations, including over 240 by early 2026, and opened offices like London to capitalize on global cloud security spend exceeding $30 billion annually. Later rounds included $1 billion raised in May 2024 at $12 billion valuation led by Andreessen Horowitz, Lightspeed, and Thrive Capital, implying a 24x revenue multiple on $500 million ARR, and turning down Google's $23 billion acquisition offer in July 2024 when ARR was around $500 million. Wiz hired key executives like former Zscaler COO Dali Rajic in February 2024 to steer toward IPO goals, competing against incumbents like Palo Alto Networks ($8 billion ARR) and CrowdStrike ($2.6 billion ARR) with higher growth rates and larger average contract values. |
| Oct 2021 | Secondary | G Squared (lead) | $100M | - | Wiz conducted a $100 million secondary market transaction in October 2021 led by G Squared to provide liquidity to early investors and employees. This followed a Series B round of $130 million in March 2021. Wiz provides cloud security solutions and later achieved significant growth, raising $300 million in a Series D round in February 2023 at a $10 billion valuation. |
| May 2021 | Series B | Salesforce Ventures (lead); Blackstone; Aglaé Ventures | $120M | $1.7B | Wiz raised a further $120 million on 25 May 2021 as an extension of its Series B, with Salesforce Ventures leading and Blackstone and Aglaé Ventures, the investment vehicle of the Arnault family, joining as new investors, two months after the $130 million Series B led by Greenoaks and Index Ventures that had valued the company at $1.7 billion. The extension took Wiz's total funding to about $350 million in its first eighteen months. Wiz, founded in 2020 by former Microsoft cloud-security executives, sells an agentless platform that maps risks across an enterprise's cloud environments, and said it had signed more than 15% of the Fortune 500 within a year of launch while multiplying revenue several times over. Salesforce Ventures framed the investment as backing the fastest-growing security software company it had seen. Wiz went on to raise a $250 million Series C at a $6 billion valuation in October 2021. |
| Mar 2021 | Series B | Greenoaks; Index Ventures; Advent International; Cyberstarts; Sequoia Capital; Insight Partners | $130M | $1.7B | Wiz is a cloud security company founded in 2020 in Israel, providing a platform for securing cloud environments, with offices in Tel Aviv, New York, and Denver. It emerged from stealth with a Series A in December 2020 raising $100 million from Index Ventures, Sequoia Capital, Insight Partners, and Cyberstarts. A second Series B followed in May 2021 raising $120 million led by Salesforce Ventures at the same $1.7 billion valuation. In October 2021, Wiz raised a $250 million Series C led by Greenoaks and Insight Partners, achieving a $6 billion valuation, with participation from Sequoia Capital, Index Ventures, Cyberstarts, Salesforce Ventures, and others including Bernard Arnault and Howard Schultz. This round focused on expanding product capabilities and entering new markets. Wiz continued rapid growth with a Series D in February 2023 raising $300 million at $10 billion valuation led by Greenoaks, Index Ventures, and Lightspeed, followed by a $1 billion Series E in May 2024 at $12 billion valuation co-led by Andreessen Horowitz, Lightspeed, and Thrive Capital. Total funding reached about $1.9 billion, serving over 35% of Fortune 100 companies by 2023, with 650 employees and plans for U.S. expansion. The company positions against competitors like Palo Alto Networks and CrowdStrike in cloud security, achieving the fastest path to high ARR and valuations among SaaS firms. |
| Dec 2020 | Series A | Index Ventures; Cyberstarts; Sequoia Capital; Insight Partners; Cerca Partners | $100M | - | Wiz emerged from stealth on 9 December 2020 with $100 million of Series A funding from Index Ventures, Sequoia Capital, Insight Partners and Cyberstarts, one of the largest first rounds ever raised by an Israeli startup, nine months after it was founded. The company was started in January 2020 by Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak, who had built the cloud-security startup Adallom, sold it to Microsoft for about $320 million in 2015 and then run Microsoft's cloud security group. Wiz's agentless platform scans an organisation's entire cloud estate across AWS, Azure and Google Cloud to map vulnerabilities, misconfigurations, exposed secrets and identity risks into a single prioritised graph. The capital funded rapid hiring in Tel Aviv and New York and a go-to-market push that took the company from roughly $1 million to $100 million of annual recurring revenue within 18 months of launch. |
| Feb 2020 | Seed | Cyberstarts; Sequoia Capital | $21M | - | Wiz, then operating under the name Beyond, announced a USD 21 million seed financing in February 2020. Cyberstarts and Sequoia Capital backed the round, which supported the formation of a cloud-security company founded by Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik. The four founders had previously worked together at Adallom and later at Microsoft after that business was acquired. Wiz built a platform designed to give enterprises broad visibility into security risks across their public-cloud environments. Its approach connected information about configurations, identities, workloads and data so security teams could prioritize material exposure without installing agents throughout every environment. The company later adopted the Wiz name and expanded into a broader cloud-security platform. |
Who has invested in Wiz?
20 investors have backed Wiz across its funding rounds, including Sequoia Capital, Cyberstarts, Index Ventures, Insight Partners, Greenoaks and Lightspeed Venture Partners.
Lead investors include Andreessen Horowitz, Lightspeed Venture Partners, Thrive Capital, Greenoaks, Index Ventures and 3 other investors.
Wiz Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Participant | Feb 2020 | ||
| 6 | Participant | Feb 2020 | ||
| 5 | Lead | Dec 2020 | ||
| 4 | Lead | Mar 2021 | ||
| 4 | Lead | Dec 2020 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | Feb 2023 | ||
| 2 | Participant | May 2021 | ||
| 2 | Lead | Oct 2021 | ||
| 2 | Lead | Feb 2023 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Feb 2023 | ||
| 1 | Participant | Oct 2021 | ||
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Start Free TrialAcquisitions by Wiz
Wiz has acquired 3 companies to date.
Last acquisition by Wiz was on November 20th 2024. Wiz acquired Dazz for $450M.
Latest Acquisitions by Wiz
| Description | Dazz is a Tel Aviv-headquartered cybersecurity company that provides a Unified Remediation Platform for security and development teams. Launched in 2022, the platform integrates with cloud environments to detect vulnerabilities, prioritize risks, and automate fixes within developer workflows, shortening remediation times from weeks to hours. Dazz serves enterprises by enhancing security posture through continuous monitoring and issue triage. | Gem Security is a cloud security platform focused on runtime threat detection and response for AWS, Azure, and Kubernetes workloads. It correlates logs from over 100 sources to block incidents in real-time using behavioral analytics. The Tel Aviv-headquartered startup protects DevOps pipelines and serverless functions for fintech clients. Gem integrates with Slack and PagerDuty for automated remediation workflows. | Raftt is a remote development environment platform that provisions instant cloud workspaces mirroring local setups. Supports containerized applications, multiple Git branches, and collaborative debugging for software teams. Integrates with tools like Docker and VS Code. Headquartered in San Francisco. |
| HQ Country | |||
| HQ City | San Francisco, CA | New York City, NY | Tel Aviv |
| Deal Date | 20 Nov 2024 | 13 Mar 2024 | 4 Dec 2023 |
| Valuation | $450M | $350M | $15M |
| EV/Revenue | |||
| EV/EBITDA | |||
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Wiz Competitors
Wiz competitors include listed companies like Zscaler, Okta, Rubrik and Gen Digital, and private ones like Safe Superintelligence and Cyera.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $32B | - | ||
| Publicly listed | $3.4B | $42M | $32B | 8.7x | ||
| Publicly listed | $2.9B | $245M | $29B | 8.6x | ||
| Publicly listed | $1.3B | ($324M) | $22B | 13.3x | ||
| Publicly listed | $5B | $2.5B | $18B | 4.8x | ||
| Private | $150M | - | $12B | 80.0x |
Wiz Public Comps
Wiz is no longer listed, but its public comps include Zscaler, Okta, Rubrik, Gen Digital, F5, Check Point Software, CACI International, SailPoint, Netskope and Fortinet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.4B | $42M | 9.1x | 8.7x | 722.5x | 31.7x | |||
| $2.9B | $245M | 9.3x | 8.6x | 111.2x | 31.6x | |||
| $1.3B | ($324M) | 16.2x | 13.3x | (65.8x) | 236.1x | |||
| $5B | $2.5B | 5.0x | 4.8x | 9.9x | 9.4x | |||
| $3.1B | $901M | 5.3x | 4.7x | 18.1x | 12.7x | |||
| $2.7B | $935M | 5.3x | 5.3x | 15.6x | 13.3x | |||
| $9.6B | $1.2B | 1.9x | 1.8x | 15.9x | 14.8x | |||
| $1.1B | ($101M) | 10.0x | 8.7x | (105.2x) | 44.6x | |||
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Common questions about Wiz
| When was Wiz founded? | Wiz was founded in 2020. |
| Where is Wiz headquartered? | Wiz is headquartered in Tel Aviv, Israel. |
| Is Wiz publicly listed? | No, Wiz was acquired by Alphabet in March 2025. |
| Who acquired Wiz? | Wiz was acquired by Alphabet in March 2025. |
| How much was Wiz acquired for? | Wiz was acquired for $32B in March 2025, a 32.0x revenue multiple. |
| What is Wiz's valuation? | Wiz was last valued at $12B in its Series E in May 2024. |
| How much funding has Wiz raised? | Wiz has raised $1.9B across 7 funding rounds. |
| What was Wiz's last funding round? | Wiz's last funding round was a $1B Series E in May 2024, led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital. |
| Who are Wiz's investors? | Wiz's investors include Cyberstarts, Sequoia Capital, Index Ventures, Greenoaks, Insight Partners, Salesforce Ventures, Howard Schultz, Blackstone, G Squared, Lightspeed Venture Partners and 10 others. |
| What is Wiz's revenue? | Wiz's latest recorded revenue is $350M (May 2024). |
| What is Wiz's revenue multiple? | Wiz's latest valuation implies a 34.3x revenue multiple ($12B valuation on $350M of revenue). |
| Which companies are comparable to Wiz? | Companies comparable to Wiz include Safe Superintelligence, Zscaler, Okta, Rubrik, Gen Digital and Cyera. |
| How many companies has Wiz acquired? | Wiz has acquired 3 companies, including Dazz, Gem and Raftt. |
| What was the largest acquisition by Wiz? | The $450M acquisition of Dazz in November 2024 is the largest acquisition Wiz has made to date. |
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