Aggressive Cloud-Security Player Wiz Scores $1B in Funding Round

Wiz secured $1 billion in a fifth funding round (valuing the company at $12 billion) and intends to use the capital for aggressive acquisitions in 2024 to consolidate cloud security capabilities; the article outlines recent buys, industry trends toward CNAPPs, competitor positions (e.g., Orca, Lacework), and the opportunities and risks of platform consolidation and M&A in the cloud-security market.