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March is marked by mega investments in Israel companies
Next raises $250m, Yotpo $230m, Orca $210m, Incredibuild $140m and Wiz $130m, capping a quarter when cybersecurity companies took in $1.5 billion.
Orca Security celebrates its $210 million funding round, March 2021. Photo courtesy of Orca Security
March 2021 saw an unusual number of funding rounds for Israeli companies topping $100 million.
The most money was raised by Next Insurance, which completed a $250 million funding round at a valuation of $4 billion.
Next brings affordable, tailored insurance products to small businesses and self-employed people in the United States, and recently began a partnership with Amazon to offer digital insurance for the first time through the Amazon Business Prime platform.
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The cybersecurity startup Wiz, which shows companies all their cloud computing systems in one view, just landed a $100 million Series A round.
The booming 30-person company started in March and has Fortune 100 customers despite never being in one place together. The company says it s on pace for $2 million in annual revenue after less than a year of existence.
The four cofounders were drafted into the Israeli army together in 2001, and sold a startup to Microsoft for $320 million in 2015. They say that this time, however, the goal is an IPO.
Results for
Wiz raises $100M securing the cloud & Xsight labs emerges from stealth tending to server farms
Israeli startup Wiz leverages its founding team of former Microsoft execs to provide optimal cloud security. And another Israeli startup emerges from the shadows with $100+M and a new AI-focused chip. Oshry Alkeslasi /
Nine months since birth, and Wiz raises $100M
Wiz, which develops cloud security technologies,
announced the closing of a $100 million Series A funding round. The investment saw participation from leading VCs, such as
Sequoia Capital, Index Ventures, Insight Partners, and
Cyberstarts. The company’s co-founder Assaf Rappaport, from the
Microsoft acquired
5 Companies That Came To Win This Week
For the week ending Dec. 11, CRN takes a look at the companies that brought their ‘A’ game to the channel. By Rick Whiting December 11, 2020, 01:27 PM EST
The Week Ending Dec. 11
Topping this week’s Came to Win list is Nutanix, which scored a hiring coup when it hired a top executive from rival VMware to fill its CEO post.
Also making the list are Hewlett Packard Enterprise for its new high-performance computing GreenLake service; a cybersecurity startup for exiting stealth armed with $100 million in financing; Juniper Networks for a strategic acquisition; and Google Cloud for establishing partnerships with ISVs building 5G applications that can work with the Anthos platform.