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Wiz Announces $1 Billion Funding Round at $12 Billion Valuation [Yahoo! Finance]
Last zscaler, inc. earnings: 2/20 04:05 pm
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NEW YORK, NY / ACCESSWIRE / May 7, 2024 / Cloud security leader Wiz has raised $1 billion at a $12 billion valuation, bringing the company's total funding to $1.9 billion. The current round is led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, and existing investors Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital. The news comes on the heels of the acquisition of Gem Security, a leading Cloud Detection and Response (CDR) provider, as Wiz expands and enriches its Cloud Native Application Protection Platform (CNAPP) while setting its sights on an eventual IPO. At 4 years old, Wiz has shattered growth records, achieving $350M ARR in 2023. The last 12 months have included many other significant milestones, from executive hires to third party recognition. At the start of 2024 Dali Rajic, formerly COO & President of Zscaler, joined as COO & President. Wiz no
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- Zscaler, Inc. (NASDAQ: ZS) had its price target lowered by analysts at Stifel Nicolaus from $270.00 to $220.00. They now have a "buy" rating on the stock.[MarketBeat]
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