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

Wiz raised a $1B Series E at a $12B valuation to accelerate hiring, R&D, and acquisitions en route to a potential IPO, following recent activity including the $350M acquisition of Gem Security and exploratory talks to buy Lacework. The cloud security platform, which integrates across AWS, Azure, and Google Cloud and spans 13 security areas, reports ~$350M ARR and aims for $1B ARR by end of 2025 with customers across ~40% of the Fortune 100. The round was co-led by a16z, Lightspeed, and Thrive, with participation from Greylock, Wellington, Salesforce Ventures, Sequoia, and others, as Wiz targets both distressed “ex-unicorns” and high-growth startups in a crowded market.