Wiz Inc. announced that it will issue 9,196,532 series C preferred shares at issue price of $14.2445 per share for the gross proceeds $131,000,000.074 in funding on March 17, 2021. The round includes participation from returning investors, including Insight Venture Management, LLC, Sequoia Capital Operations LLC, Index Ventures SA, and Cyberstarts. The shares are convertible, non-redeemable and non-cumulative. The shares carry non-cumulative dividend rate of 6% per annum. The shares will be convertible in common shares at a price of $14.2445 per share. The round will be raised at post money valuation of $1,700,000,000.