Wiz Buys Dev Collaboration Startup In First Acquisition

▤ Summary

The cloud security unicorn announced it has acquired fellow Israeli company Raftt. Wiz announced its first acquisition to date in a deal for cloud developer collaboration startup Raftt. Raftt brings fewer than 20 employees, a Wiz spokesperson told CRN. Wiz went on to become the top-valued unicorn in cybersecurity earlier this year, with a valuation of $10 billion in connection with its $300 million funding round in February. As part of its CNAPP push, Wiz said that its acquisition of Raftt will boost its efforts to embed security further into the software development process.

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