Bernard Arnault is an investor in Israeli cloud security company Wizz


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Bernard Arnault, who was recently named the world’s richest person by Forbes magazine, is an investor in the Israeli cloud security company Wizz, headed by Asaf Rappaport. Arnault invested in Wiz through the Aglaé Ventures investment fund. Arnaud’s founder, LVMH, has an estimated fortune of $198 billion. The Arnault venture fund joined in on a $120 million deal that was first reported in late May. Investors on the round so far have reported that they are software giant Salesforce and US investment firm Blackstone. The Arnault Fund’s involvement has now also been revealed. Part of the money went to Wiz, while part of it was paid to Cyberstarts fund Gili Raanan, who sold half of his Wiz holdings. Related Israeli cloud security firm Wiz raises another $120 million – Report Cloud Security Co Wiz raised $130 million at a valuation of $1.7 billion Wiz was founded in January 2020 by Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik – Same The team that founded Adallom, which was sold to Microsoft for $320 million in 2015. Rappaport was later appointed to Cloud Security Group. Since its establishment, Wiz has received significant investments from prominent investors. Last December, it raised $100 million from leading funds Sequoia, Index, and Insight Partners. A few months later, in March of this year, it announced that it had raised another $130 million at a valuation of $1.7 billion, making it a unicorn in record time. Former Starbucks CEO Howard Schultz was an investor in that round. Aglaé Ventures focuses on technology investment and is backed by Agache, the investment entity through which Arnault controls LVMH. Published by Globes, Israel business news – en.globes.co.il – June 10, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021


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