Wiz raises $1B at a $12B valuation to expand its cloud security platform through acquisitions

Wiz raised a $1B Series E round at a $12B valuation, co-led by a16z, Lightspeed, and Thrive, to fuel hiring, R&D, and an aggressive acquisition strategy, following its $350M purchase of Gem Security and a stalled LOI to acquire Lacework; the company reports ~$350M ARR and targets $1B ARR by end of 2025 while expanding its all-in-one cloud security platform, including AI security posture management, with backing from investors such as Greylock, Wellington, Cyberstarts, Greenoaks, Index, Salesforce Ventures, and Sequoia.