Cloud Security news and trends

Cloud Security Firm Wiz Valued at $12 Billion After Funding Round
Investments // May 07, 2024

Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder and CEO Assaf Rappaport discussed the funding in a Tuesday (May 7) interview with the Wall Street Journal (WSJ), saying the company expects this year to be a time of consolidation in the cybersecurity...

The Race To The Cloud: Will Digital Banks Win?
Digital Banking // April 23, 2020

Financial institutions (FIs) are feeling the pressure to offer increasingly personalized, digital-first services to keep customers satisfied. Crafting the seamlessness customers want means FIs are overhauling their digital infrastructures to enable access to fast, interactive and engaging banking experiences. More banks are therefore moving away...

Deep Dive: How Credit Unions Juggle Cybersecurity Myths For Cloud Computing
Credit Unions // January 30, 2020

Cloud technology has lost some of its mystique in recent years, and consumers’ improved understanding has led to a boost in demand. The cloud computing services market was expected to see 17.2 percent growth and reach a global value of $200 billion by the end...

Vectra Secures $100M With AI-Driven Tech
Investments // June 10, 2019

A seven-year-old cloud security company that utilizes artificial intelligence (AI) to find network intrusions has raised $100 million in a Series E funding round led by TCV, according to a report. Khosla Ventures and Accel also took part in the round. The total raised by...

Quick Reads
Wiz Reportedly Rejects $23 Billion Google Deal

July 23, 2024
Cloud security startup Wiz has reportedly rejected a $23 billion acquisition bid by Google. Instead, the company will go ahead with plans for an initial public offering (IPO), CNBC reported late Monday (July 22), citing an internal memo written by Wiz co-founder Assaf Rappaport “Saying no to such humbling offers is tough,” Rappaport wrote. A […]

Cloud Security Firm Wiz Valued at $12 Billion After Funding Round

May 07, 2024
Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder and CEO Assaf Rappaport discussed the funding in a Tuesday (May 7) interview with the Wall Street Journal...

Vectra Secures $100M With AI-Driven Tech

June 10, 2019
A seven-year-old cloud security company that utilizes artificial intelligence (AI) to find network intrusions has raised $100 million in a Series E funding round led by TCV, according to a...

Amazon Adds Crypto-Based Security Tools

August 31, 2018
Amazon’s AWS is in the process of developing new cryptographic and AI-based security tools, and is now looking for more than 130 engineers with cryptography skills to help build and...