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-0.000528314347036569 -0.00138682516097083 -0.00462275053656937 -0.00274063067525172 0.00328182268449726 0.00353310219580648 0.009608717186726 0.0109295030543173
Stock impact report

Wiz raises $1B at a $12B valuation to expand its cloud security platform through acquisitions [TechCrunch]

Palo Alto Networks, Inc. (PANW) 
Last palo alto networks, inc. earnings: 2/24 04:15 pm Check Earnings Report
Company Research Source: TechCrunch
Now, it has closed a major round of funding of $1 billion to help on that march. The Series E — co-led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive — values Wiz at $12 billion, making it one of the most highly valued startups in cybersecurity today. It's a notable step up from the last time Wiz raised, in February 2023 , when it closed a $300 million round at $10.3 billion post-money. When rumors of this latest fundraise circulated in the market in March , the amount was pegged at $800 million. The fact that the Series E is now at $1 billion speaks to how heated activity is around Wiz right now. “Iconic” was the word one investor, speaking to TechCrunch, used to describe the company. (The company confirmed that the Series E also has a small secondary component. Sources close to the deal say it is around $30 million to $40 million, “a few dozens millions of dollars”.) Assaf Rappaport, Wiz's co-founder and CEO, said in an interview that Wiz plans to continue g Show less Read more
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