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Israeli cloud security co Wiz raises another $120m - report

Israeli cloud security co Wiz raises another $120m - report Salesforce led the financing round with the participation of Blackstone, Bloomberg reports. Israeli cloud security company Wiz has raised another $120 million in a financing round led by Salesforce, Bloomberg reports according bto a source familiar with the matter. The report did not say at what valuation the money was raised. With offices in Tel Aviv and Palo Alto, Wiz was founded in January 2020 by CEO Assaf Rappaport, CTO Ami Luttwak, VP Product Yinon Costica and VP R&D Roy Reznik - the same team that founded Adallom, which was sold to Microsoft for $320 million in 2015, and led Microsoft s Cloud Security Group.

Cloud Security Startup Wiz Raises $120M In Salesforce-Led Round: Report

Cloud Security Startup Wiz Raises $120M In Salesforce-Led Round: Report The nine-figure haul from Salesforce would bring Wiz’s total funding to more than $350 million just 16 months after the Tel Aviv, Israel-based cloud security startup was launched, according to Bloomberg. By Michael Novinson May 25, 2021, 11:33 AM EDT Cloud security startup Wiz has raised more than $120 million in a funding round led by customer relationship management (CRM) giant Salesforce, according to Bloomberg. The funding would be the Tel Aviv, Israel-based Wiz’s third financing round in the past six months, coming just two months after the firm notched a $1.7 billion valuation following a $130 million Series B round led by private equity investor Advent International. Neither Wiz nor Salesforce immediately responded to CRN requests for comment on the Bloomberg report.

8 cyber security start-ups to watch

8 cyber security start-ups to watch Security start-ups are often innovation leaders that attempt to solve critical and persistent problems. These are some of the most interesting ones to watch as they tackle issues around multicloud security, identity management, zero-trust, and more. Credit: Dreamstime If you want to know what’s new in cyber security, watch what the start-up vendors are doing. They typically begin with an innovative idea and are unfettered by an installed base and its mainstream approach. Start-ups often tackle problems no one else is addressing. The downside, of course, is that start-ups often lack resources and maturity. It’s a risk for a company to commit to a start-up’s product or platform, and it requires a different kind of customer/vendor relationship. The rewards, however, can be huge if it gives that company a competitive advantage or reduces stress on security resources.

8 cybersecurity startups to watch

Who I am / Getty Images If you want to know what’s new in cybersecurity, watch what the startup vendors are doing. They typically begin with an innovative idea and are unfettered by an installed base and its mainstream approach. Startups often tackle problems no one else is addressing. The downside, of course, is that startups often lack resources and maturity. It’s a risk for a company to commit to a startup’s product or platform, and it requires a different kind of customer/vendor relationship. The rewards, however, can be huge if it gives that company a competitive advantage or reduces stress on security resources.

9 Israeli-Founded Companies Reach Unicorn Status In 1st Quarter Of 2021

9 Israeli-Founded Companies Reach Unicorn Status In 1st Quarter Of 2021
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