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Cloud security startup Wiz emerged from stealth with $100 million in Series A financing

Cloud security startup Wiz emerged from stealth with $100 million in Series A financing
The Siliconreview
17 Decemebr, 2020

Cloud security startup Wiz emerged from stealth with $100 million in Series A financing and a security platform already in use at Fortune 100 customers, including DocuSign. The founding team of Wiz came from Microsoft's Cloud Security Group and built the security stack for Azure. They've worked for more than 15 years and sold an earlier startup, cloud access security broker Adallom, to Microsoft for $320 million in 2015. The team left the cloud giant and started writing code for Wiz in January.

This unified approach reduces security teams' alert fatigue and simplifies customers' IT environments while making them more secure. Using one tool to scan for cloud misconfigurations and find virtual machine (VM) vulnerabilities and yet another to secure serverless and containerized applications isn't effective. The startup will use Series A to grow its presence in the market and invest in research and development.

The problem Wiz aims to solve is a biggie, though not unique: cloud security. And to do this, the team takes a more holistic platform approach instead of using point tools to solve cloud security threats. Wiz's product provides visibility across customers' entire cloud environments. It scans all compute types and cloud services for vulnerabilities, configuration, network, and identity issues without agents or sidecars.