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Israel’s Wiz Cloud Security Raises Another $120 Million

The round of funding was led Salesforce.

Assaf Rappaport CEO and Co Founder Wiz (Company Photo)

Wiz, an Israeli cybersecurity startup which offers cloud computing services, just brought in another $120 million. The additional Series B funding was led Salesforce and with the participation of Blackstone. The company had already hit unicorn status in March when it hit a $1.7 billion after bringing in $120 million in new funding at that time.

Wiz states that it delivers the first cloud visibility solution for enterprise security, offering a “360° view of security risks across clouds, containers and workloads. No agents. No sidecars.”

Wiz was founded a little over one year ago by Assaf Rapaport, former manager of R&D at Microsoft Israel which built the security stack in Azure, Ami Luttwak Yinon Costica, and Roy Reznik. Rapaport and his team in Israel founded Adollam, which was sold to Microsoft in 2015 for $320 million.

“We truly believe that as a company we are in a unique position to drive change and our name -Wiz- is the ultimate representation of exactly that.”

There is a reason why cybersecurity startups are so valuable today. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.

Israel’s most renowned cybersecurity firm Check Point defines cloud computing as the delivery of hosted services, including software, hardware, and storage, over the Internet. The benefits of rapid deployment, flexibility, low up-front costs, and scalability, have made cloud computing virtually universal among organizations of all sizes, often as part of a hybrid/multi-cloud infrastructure architecture.

Cloud security, in turn, refers to the technologies, policies, controls, and services that protect cloud data, applications, and infrastructure from threats. You even need to be careful in your own home. Even if you have a short range Wi-Fi setup that does not go beyond your home, there are special devices which can pick up Wi-Fi signals from far away.

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