Bernard Arnault, just lately named the richest particular person on the earth by Forbes journal, is invested in Israeli cloud safety firm Wiz, headed by Assaf Rappaport. Arnault invested in Wiz by his Aglaé Ventures funding fund. The wealth of luxurious merchandise company LVMH founder Arnaud is estimated at $198 billion.
Arnault’s funding fund joined a $120 million transaction first reported in late Might. The buyers within the spherical reported till now have been software program big Salesforce and US funding firm Blackstone. It has now been revealed that Arnault’s fund additionally participated. A part of the cash went to Wiz, whereas half was paid to Gili Raanan’s Cyberstarts fund, which bought half its holding in Wiz.
Israeli cloud safety co Wiz raises one other $120m – report
Cloud safety co Wiz raises $130m at $1.7b valuation
Wiz was based in January 2020 by Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik – the identical workforce that based Adallom, which was bought to Microsoft for $320 million in 2015. Rappaport was subsequently appointed Cloud Safety Group.
Because it was based, Wiz has acquired substantial funding from outstanding buyers. Final December it raised $100 million from main funds Sequoia, Index, and Perception Companions. A couple of months later, in March this yr, it introduced that it had raised an extra $130 million at a valuation of $1.7 billion, making it a unicorn in file time. Former Starbucks CEO Howard Schultz was an investor in that spherical.
Aglaé Ventures focuses on expertise funding and is supported by Agache, the funding entity by which Arnault controls LVMH.
Printed by Globes, Israel enterprise information – en.globes.co.il – on June 10, 2021
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