Wiz raised $1 billion in Series E funding led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive, valuing the company at $12 billion, showcasing high industry demand.
CEO Rappaport emphasized Wiz's intention to grow organically through talent hires and R&D, complemented by inorganic growth through acquisitions of ex-unicorns and promising startups.
The significant funding allows Wiz flexibility in cash acquisitions, providing a strategic advantage to obtain customers, talent, and technology swiftly.
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