Wiz's valuation has soared just four months after its last round and 18 months since it launched last year.

Just over a year old, Wiz offers cloud security at scale through contextual risk assessment; the startup was founded and is led by Assaf Rappaport.

Founded this year, cloud security startup Wiz is headed by Assaf Rappaport, former general manager of R&D at Microsoft Israel.

Microsoft Israel has named Assaf Rappaport, founder of cloud security startup Adallom, and manager of Microsoft's security unit, as its new CEO.