To answer this query thoroughly, I need to research several aspects about Wiz, a cybersecurity company:

1. Current valuation of Wiz
2. Details about their latest funding round
3. Main competitors in their market space
4. Analyst opinions on their growth potential

Let me break down my research plan:

Step 1: Search for Wiz's current valuation and recent funding information Step 2: Find information about their latest funding round specifically (amount, investors, date) Step 3: Research who Wiz's main competitors are in the cloud security market Step 4: Look for analyst reports or expert opinions about Wiz's growth potential Step 5: Compile all information with proper citations and organize into a comprehensive report

I'll start with general searches and then dive deeper into specific aspects as needed.

Wiz: Valuation, Funding, Competitors, and Growth Analysis

Current Valuation and Latest Funding

Let me research Wiz's current valuation and their most recent funding activities.Let me get more details from Wiz's official announcement:Let me get more details from the TechCrunch article:Now, let me search for information about Wiz's competitors:Let me check the G2 competitors page for more detailed information:Let me try another source for competitors information:Let me check the SourceForge comparison:Now, let me search for analyst opinions about Wiz's growth potential:Let me check the Axios article for more detailed analyst opinions:Let me try to find more information about Wiz's growth and analyst opinions:Let me check Wiz's blog about their growth:Let me check the article about Wiz's growth to $32B:Let me search for the latest information about the Google acquisition:Let me read the IT Pro article for analyst reactions:Let me also check The Verge article for more insights:Based on all the research, I'll now compile a comprehensive report on Wiz's valuation, funding, competitors, and growth potential.

Wiz: Valuation, Funding, Competitors, and Growth Analysis

Current Valuation and Latest Funding

Wiz, the cloud security startup founded in 2020, has achieved a remarkable valuation trajectory in its short history. As of May 2024, Wiz closed a major funding round of $1 billion at a $12 billion valuation, making it one of the most highly valued cybersecurity startups in the world ¹. This represents a significant increase from its previous valuation of $10 billion from early 2023 ².

In March 2025, Google announced its intention to acquire Wiz for $32 billion in an all-cash transaction, which would make it Google's largest acquisition ever ³. While this acquisition is still pending regulatory approval, it represents a remarkable 2.7x increase from Wiz's last private valuation less than a year earlier.

Funding History

Wiz has raised a total of $1.9 billion in venture capital funding to date ⁴. Key funding rounds include:

Date	Round	Amount	Valuation	Lead Investors
May 2024	Series E	$1 billion	$12 billion	Andreessen Horowitz, Lightspeed Venture Partners, Thrive Capital
Feb 2023	Series D	$300 million	$10.3 billion	Undisclosed
2020	Series A	Undisclosed	Undisclosed	Index Ventures

The latest $1 billion funding round in May 2024 included participation from Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital, in addition to the lead investors ⁴.

Business Performance and Growth

Wiz has demonstrated unprecedented growth in the cybersecurity industry, setting records for the fastest scaling software company in history:

• Reached $100 million in annual recurring revenue (ARR) just 18 months after hitting $1 million ARR (February 2021 to July 2022) ⁵
• Achieved $350 million ARR by 2023, just over three years after founding ⁶
• Expected to cross $500 million ARR in 2024 and potentially reach $1 billion ARR by 2025 ⁷
• Secured contracts with approximately 40% of Fortune 100 companies ⁴
• Notable customers include BMW, Colgate-Palmolive, Salesforce, Mars, Avery Dennison, Costco, Chipotle, EA, LVMH, and Slack ⁵

The company has grown from 40 employees in 2022 to over 400 in 2023, with plans to hire hundreds more to support its rapidly expanding customer base ⁵.

Main Competitors

Wiz operates in the Cloud-Native Application Protection Platform (CNAPP) market, which is projected to grow from approximately $2 billion in 2024 to over $6 billion by 2028, representing a compound annual growth rate (CAGR) of 25% ⁸. The company's main competitors include:

Major CNAPP Competitors

1. Palo Alto Networks (Prisma Cloud) - One of the largest cybersecurity companies, offering a comprehensive cloud security platform with CNAPP capabilities ⁹

2. Orca Security - A direct competitor founded in 2019 that also offers agentless cloud security solutions and has filed a patent infringement lawsuit against Wiz ¹⁰

3. Lacework - A cloud security platform that Wiz reportedly considered acquiring for $168 million in 2024 before the deal fell through ⁴

4. Microsoft Defender for Cloud - Microsoft's cloud security solution that offers CNAPP capabilities across multi-cloud environments ¹¹

5. CrowdStrike - A major cybersecurity player expanding into cloud security with its Falcon platform ¹²

Other Notable Competitors

• Aqua Security - Specializes in container and cloud native security
• Sysdig - Offers cloud security and container monitoring solutions
• Trend Micro (Cloud One) - Provides comprehensive cloud security services
• Sonrai Security - Focuses on cloud identity and data security
• SentinelOne - Expanding from endpoint security into cloud security

Analyst Opinions and Growth Potential

Analysts and industry experts have consistently highlighted Wiz's extraordinary growth trajectory and future potential:

Positive Factors

1. Product Innovation and Approach

   • Wiz's agentless, API-centered approach allows for seamless scanning of cloud workloads with minimal friction ⁵
   • The Wiz Security Graph provides context-aware security insights that identify "toxic combinations" of vulnerabilities ⁵
   • Shardul Shah of Index Ventures noted that Wiz's product has "special ergonomics" that deliver value rapidly to individuals, teams, and organizations ⁷

2. Market Positioning

   • Wiz has positioned itself at the intersection of two high-growth markets: cloud security and AI security ¹³
   • The company has expanded coverage to all major cloud platforms including AWS, Azure, Google Cloud, Oracle Cloud, and Alibaba Cloud ⁵
   • Wiz's ability to work across multi-cloud environments is seen as a significant advantage as organizations increasingly adopt hybrid cloud strategies ¹¹

3. Leadership and Talent

   • CEO Assaf Rappaport and the founding team previously built and sold Adallom to Microsoft for $320 million in 2015 ¹⁴
   • The company has attracted top security executives, including Emily Heath (board member), Anthony Belfiore (CSO), Ryan Kazanciyan (CISO), and Ryan Carlson (CMO) ⁵

Potential Challenges

1. Regulatory Scrutiny

   • The Google acquisition faces potential regulatory challenges, with Google agreeing to a reverse termination fee of $3.2 billion if the deal falls through ¹⁴
   • Google is already facing antitrust cases that could impact its ability to complete large acquisitions ¹⁴

2. Competitive Pressure

   • Major cloud providers like Microsoft and AWS are investing heavily in their own security solutions ¹¹
   • Andras Cser, VP principal analyst at Forrester, noted that Microsoft's acquisitions in cloud security have put pressure on competitors ¹¹

3. Integration Risks

   • Google has struggled with large acquisitions in the past, such as Motorola Mobility and Nest ¹⁴
   • Maintaining Wiz's innovative culture and rapid growth pace within Google could prove challenging

Market Outlook

According to Andras Cser of Forrester, the acquisition of Wiz by Google will have significant implications for the cloud security market:

1. Consolidation Pressure

   • Independent CNAPP vendors like Fortinet, Palo Alto Networks, Rapid7, Sysdig, and Trend Micro will face "fierce competition" ¹¹
   • This may lead to further consolidation in the cloud security market

2. Multi-Cloud Security Emphasis

   • The acquisition highlights the importance of multi-cloud security capabilities ¹¹
   • AWS may feel pressure to enhance its cloud security offerings to remain competitive

3. Customer Impact

   • Bill Welch, CEO of Sysdig, suggested that "being forced into a single vendor is not good for business" and that "multi-cloud Wiz customers will struggle once the acquisition goes through" ¹¹
   • However, Google's integration of Wiz could provide enhanced security capabilities for Google Cloud customers

Conclusion

Wiz has achieved unprecedented growth in the cybersecurity industry, reaching a $12 billion valuation and potentially a $32 billion acquisition price in just five years since founding. The company's innovative approach to cloud security, strong leadership team, and ability to execute have positioned it as a leader in the rapidly growing CNAPP market.

While the pending Google acquisition presents both opportunities and challenges, analysts generally view Wiz's growth trajectory positively. The acquisition represents a significant move in the cloud security landscape that will likely accelerate consolidation and innovation in the market.

For enterprises evaluating cloud security solutions, Wiz's technology remains highly regarded regardless of the acquisition outcome. However, organizations with multi-cloud strategies may need to consider how the Google acquisition could impact Wiz's platform neutrality in the future.

Footnotes

1. Wiz Announces $1 Billion Funding Round at $12 Billion Valuation ↩

2. Wiz Lands $1B In Funding, $12B Valuation Amid Surging Cloud Security Growth ↩

3. Google plans to buy cybersecurity company Wiz for $32 billion ↩

4. Wiz raises $1B at a $12B valuation to expand its cloud security through acquisitions ↩ ↩² ↩³ ↩⁴

5. Wiz becomes the fastest-growing software company ever ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶ ↩⁷

6. Google's $32 Billion Wiz-ardry: A Cloud Security Bet to Outsmart AWS ↩

7. Analysis: How Wiz Went From Zero To $32B In Five Years ↩ ↩²

8. CNAPP Market to Surge to $6 Billion by 2028 ↩

9. Orca Security vs. Prisma Cloud vs. Wiz Comparison Chart ↩

10. Wholesale copying: Israel's Orca Security sues rival Wiz for patent infringement ↩

11. Wiz acquisition Google Cloud industry reaction ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶ ↩⁷

12. CrowdStrike vs Wiz: Which Offers Better Cloud Security and Value? ↩

13. Without Wiz, cybersecurity IPO market dries up ↩

14. Why Google made a $32 billion bet on Wiz ↩ ↩² ↩³ ↩⁴