The company Cyber Wiz (WIZ) announced a huge fundraising of one billion dollars at a value of 12 billion dollars. The successful fundraising round was led by the American investment fund Andreessen Horowitz and other funds and investors. The company predicts that 2024 will be the "year of consolidation" in the field of cyber security.
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The company ended the year 2023 with a revenue turnover of approximately 350 million dollars and its goal is to reach sales of approximately 1 billion dollars in the future. The successful recruitment will help the company to continue operations to locate technology companies for future mergers and acquisitions and the development of new products.
"The main task before our eyes is to continue to drive innovation for our customers and to give added value to the security and development teams that use the platform," said Assaf Rappaport, co-founder and CEO of Wiz – "the current round of recruitment will help us continue to solve the most complex challenges in the field of cloud security and To help organizations promote consolidation processes among the security tools they use."
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