Israeli cybersecurity company Wiz has raised $120 million led by Salesforce and with the participation of Blackstone. The company’s valuation in the round is expected to be higher than $1.7 billion, at which it was valued in its previous funding round.
To date, Wiz has raised about $230 million in two major rounds, with the first being $100 million and the more recent one of about $130 million at an estimated market value of $1.7 billion. Following that, the Israeli company became the fastest cyber company to reach unicorn status. Investors in the Israeli company include Greenoaks Capital, Advent International, Gili Raanan’s Cyberstarts, Sequoia Capital, and Insight Partners.
Blackstone will largely invest in Israel through a new growth fund called BXG, which raised $4.5 billion. Blackstone was founded 35 years ago by Steven Schwartzman, who serves as CEO and chairman, manages $649 billion in assets and employs more than 3,000 people.
