Wiz Announces $1B Funding Round, Plans More M&A

Cloud security firm Wiz announced a $1B funding round (total $1.9B, $12B valuation) led by Andreessen Horowitz, Lightspeed, and Thrive, with participation from Greylock, Wellington Management, and others; the company plans to accelerate M&A, product development, and hiring—building on recent acquisitions like Raftt and Gem Security to expand its platform (including SOC-focused threat detection)—as it anticipates 2024 will be a year of security consolidation.