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Monday, 4 December 2023, 21:00 HKT/SGT

Source: Wiz
Wiz Acquires Raftt, Bolsters CNAPP Offering for Cloud and Kubernetes Developers
Cloud security provider grows its platform with acquisition of Raftt, deepening platform support for shift-left initiatives

NEW YORK, Dec 4, 2023 - (ACN Newswire) - Cloud security leader Wiz has acquired Raftt, a cloud-native platform for developer collaboration. Recently, Wiz expanded its Cloud Native Application Protection Platform (CNAPP) to empower developers. Today's acquisition further enhances Wiz's Secure Cloud Development capabilities, which enable developers to build securely across the software development lifecycle.

Wiz's CNAPP - which is ranked #1 by customers and used by 40% of the Fortune 100 - already has a strong developer base: more than 50% of Wiz users sit outside the security function, reflecting the reality of how cloud security operations have become democratized. The addition of the Raftt team will allow Wiz to move even faster as the company continues to build and enhance its industry-leading platform, allowing security and development teams to proactively reduce their attack surface from build time to run time.

"The opportunity to be part of Wiz was one we couldn't pass up," said Roy Iarchy, Co-founder & CEO of Raftt. "At Raftt we lived and breathed the world of developers. We are extremely excited to put those superpowers to work and change the face of cloud security."

"Exceptional talent is the engine that fuels Wiz," said Assaf Rappaport, CEO & Cofounder, Wiz. "Wiz brings a unified view from runtime to development, clear risk analysis, and simplified operations that breaks down the operational silos between security and dev teams. The Raftt team will help us lean into our Secure Cloud Development strategy, introducing new capabilities for preventing costly production issues at the source."

For more on the Raftt acquisition, visit the Wiz blog.

About Wiz

Wiz secures everything organizations build and run in the cloud. Founded in 2020, Wiz is the fastest-growing software company in the world, scaling from $1M to $100M ARR in 18 months. Wiz enables hundreds of organizations worldwide, including 40 percent of the Fortune 100, to rapidly identify and remove critical risks in cloud environments. Its customers include Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda, among others. Wiz is backed by Sequoia, Index Ventures, Insight Partners, Salesforce, Blackstone, Advent, Greenoaks, Lightspeed and Aglaé. Visit https://www.wiz.io for more information.

Contact Information
Tamar Harel
Head of US Office, STLV
(347) 629-0609

Topic: Press release summary
Source: Wiz

Sectors: Cloud & Enterprise
From the Asia Corporate News Network

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