TLDR:
- Wiz, a cloud security startup, raised a $1 billion round at a $12 billion valuation.
- The week’s 10 biggest funding rounds include biotech, logistics, alternative protein, and medical device companies.
The biggest funding round of the week was secured by Wiz, a cloud security startup, which raised $1 billion at a valuation of $12 billion, making it the largest cybersecurity round of the year so far. The round was co-led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital. Wiz, founded in 2020, has raised a total of $1.9 billion and has been actively expanding, as evidenced by its recent acquisition of Gem Security. The company plans to use the new funding for further growth and potential acquisitions. Additionally, Zenas BioPharma and Bluejay Therapeutics raised significant amounts in the biotech sector, while Zippy Shell secured financing for logistics services.
Attovia Therapeutics, a biotech company focusing on immune-mediated diseases, closed a $105 million Series B round led by Goldman Sachs Alternatives, indicating strong investor confidence in the company’s potential. Meati, an alternative protein company, raised $100 million in a C-1 round for its mycelium-based products, further highlighting the growing interest in sustainable food solutions. Other notable funding rounds included R3 Vascular for medical devices, Aardvark Therapeutics for biotech, Base Power for energy services, and Privateer for space tech.
The global scene also saw significant funding, with London-based self-driving car startup Wayve raising $1.05 billion in one of the largest funding deals for a British startup. Overall, the week showcased a diverse range of industries receiving substantial investments, indicating ongoing investor confidence in innovation and growth across sectors.
