• Wiz, a cloud security startup, has raised $1 billion in a funding round that values the company at $12 billion. This funding will enable Wiz to continue its acquisition spree and expand its cloud security platform. The company aims to become a one-stop-shop for cloud security, offering a comprehensive suite of tools and services to help organizations secure their cloud environments.

• The funding round was led by Blackstone and included participation from existing investors such as Greenoaks, Insight Partners, Salesforce Ventures, and Index Ventures. This significant investment reflects the growing demand for cloud security solutions as more organizations migrate their operations to the cloud. Wiz's platform provides visibility, control, and protection across multiple cloud environments, helping customers identify and mitigate security risks.

• Wiz's co-founder and CEO, Assaf Rappaport, stated that the company plans to use the funding to accelerate its product development, expand its global reach, and pursue strategic acquisitions. The company has already made several acquisitions, including the purchase of Semperis, a provider of identity-based cyber resilience solutions. Wiz's goal is to become the leading cloud security platform, providing customers with a unified and comprehensive solution to secure their cloud infrastructure and data.