Wiz raises $400 million at $3.8 billion valuation

In depth

Cloud security company Wiz has completed a $400 million funding round led by Bessemer Venture Partners, at a valuation of $3.8 billion. According to Globes and Bizportal, the company is definitively giving up on the acquisition offer from Datadog.

According to Geektime, the round includes an additional $100 million on top of the $300 million round closed a month ago, and new investors joined, including Salesforce Ventures and Canapi Ventures. According to Calcalist, the company's valuation stood at $1.5 billion in January, and revenue was estimated to jump to about $100 million in 2026.

Shachar told TheMarker that "as CEO, I am not dealing with the option of a sale, but with building a good security company". According to Calcalist, despite the injection of new capital, the possibility of a purchase by Datadog has not yet been removed from the table.