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Jul
Four-Year Old Company’s Unprecedented Growth Propelled by Product Demand and Industry-Wide Shift Towards Consolidated Offerings NEW YORK, May 7, 2024 (Newswire.com) – Cloud security leader Wiz has raised $1 billion at a $12 billion valuation, bringing the company’s total funding to $1.9 billion. The current round is led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, and existing investors Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital. The news comes on the heels of the acquisition of Gem Security, a leading Cloud Detection and Response (CDR) provider, as Wiz expands and…