Israeli cloud security firm Waze raises another $ 120m – report


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Israeli cloud security company Wizhas raised another $ 120 million in a funding round led by Salesforce, according to Bloomberg reports, according to a source familiar with the matter. The report did not mention in any assessment the funds were 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 suite. RELATED MATERIALS Wiz raised $ 100 million in December 2020 and an additional $ 130 million when valuing the company at $ 1.7 billion in March 2021, just two months ago. It also participated in the financing round, according to “Bloomberg,” the Blackstone company, which last month opened an office in Israel. Posted by Globes, Israel business news – en.globes.co.il – May 25, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021


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