Wiz said to raise a further $120m, just months after closing a $130m Series B

Wiz, an Israel-based could infrastructure protection company, has reportedly raised a fresh $120m, just months after bagging $130m in its Series B.

The fresh investment was led by Salesforce, according to a report from Bloomberg, which cites a person familiar with the matter.

Wiz previously raised $130m in March 2021 from Advent Venture Partners, Cyberstarts, Index Ventures, Insight Partners and Sequoia Capital. The funding round had valued the company at $1.7bn.

The company, which was founded in 2020, aims to help companies protect their cloud infrastructure through risk assessments and clear action plans. Its technology analyses a company’s cloud landscape, identity, application and vulnerabilities, and presents all this information in a single location to support quicker decision making.

While it is unclear what the fresh capital will be used for, Wiz stated its Series B funding was raised to support its operation expansion and increase its business reach.

The firm launched out of stealth in late 2020, alongside the close of a $100m Series A.

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