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10 Cool Tech Companies That Raised Funding In May 2021

Cybersecurity, big data and next-generation cloud storage management technology developers were among the companies that reported new rounds of funding in May.

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Wiz

Headquarters: Tel Aviv, Israel

CEO: Assaf Rappaport

Funding: The $120 million funding, a continuation of the company’s Series B round, comes on the heels of $130 million in funding in March that put the company’s valuation at $1.7 billion.

Investors: The funding round, reported by Bloomberg, was led by Salesforce.

What the company does: Startup Wiz develops cloud infrastructure security technology, offering what it describes as the first full-stack, multi-cloud security platform.

Additional Information: Founded in January 2020, Wiz emerged from stealth in December 2020. The company was started by Rappaport and the other founders of cloud access security broker Adallom, which was acquired by Microsoft in 2015 for $320 million.

 
 
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