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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 6 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 6 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 18 Mar 2025 | Strategic M&A | $32B | 32.0x |
Wiz Valuation
Wiz is currently valued at $12B, based on its Series E in May 2024.
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 4 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 | 20.0x |
| Oct 2021 | Series C | $6B | - |
| Mar 2021 | Series B | $1.7B | 3.4x |
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 moved from $500M in March 2021 to $350M in May 2024, while the revenue multiple moved from 3.4x to 34.3x.
Wiz revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2024 | $350M | $12B | 34.3x | Series E |
| Feb 2023 | $500M | $10B | 20.0x | Series D |
| Mar 2021 | $500M | $1.7B | 3.4x | Series B |
* 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 6 funding rounds, plus 1 secondary share sale.
Wiz's first fundraising round was a $100M Series A in December 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. This round preceded a larger Series E in May 2024, where Wiz raised $1 billion at $12 billion valuation, achieving $350M ARR in 2023, but specific revenue metrics were not disclosed contemporaneous to the February 2023 financing. |
| 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. By August 2022, just 18 months after launch, Wiz achieved $100 million in ARR, claiming the record for the fastest software company to reach that milestone. 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 | - | - |
| Mar 2021 | Series B | Greenoaks; Advent Venture Partners; Index Ventures; 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 | - | - |
Who has invested in Wiz?
20 investors have backed Wiz across its funding rounds, including Sequoia Capital, Index Ventures, Cyberstarts, 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 |
|---|---|---|---|---|
| 5 | Lead | Dec 2020 | ||
| 5 | Participant | Dec 2020 | ||
| 5 | Participant | 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 | Mar 2021 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Feb 2023 | ||
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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, F5 and Rubrik, and private ones like Safe Superintelligence and Cyera.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $32B | - | ||
| Publicly listed | $3.4B | $42M | $32B | 8.9x | ||
| Publicly listed | $2.9B | $245M | $33B | 10.0x | ||
| Publicly listed | $3.1B | $901M | $25B | 6.9x | ||
| Publicly listed | $1.3B | ($324M) | $22B | 14.0x | ||
| Private | $150M | - | $12B | 80.0x |
Wiz Public Comps
Wiz is no longer listed, but its public comps include Zscaler, Okta, F5, Rubrik, Gen Digital, CACI International, Check Point Software, SailPoint, Qihoo 360 and SentinelOne.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.4B | $42M | 9.1x | 8.9x | 721.8x | 32.5x | |||
| $2.9B | $245M | 10.6x | 10.0x | 126.4x | 36.4x | |||
| $3.1B | $901M | 7.5x | 6.9x | 25.8x | 18.3x | |||
| $1.3B | ($324M) | 16.5x | 14.0x | (67.1x) | 277.6x | |||
| $5B | $2.5B | 5.1x | 4.9x | 10.1x | 9.8x | |||
| $9.6B | $1.2B | 2.0x | 2.0x | 16.5x | 15.8x | |||
| $2.7B | $935M | 5.0x | 4.9x | 14.5x | 12.0x | |||
| $1.1B | ($101M) | 10.5x | 9.4x | (110.8x) | 48.3x | |||
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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 6 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 Index Ventures, Cyberstarts, Sequoia Capital, 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, F5, Rubrik 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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