Technology

Guardio Raises $40 Million at $1.1 Billion Valuation

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Courtroom-sketch editorial illustration of three Guardio founders seated together on wooden outdoor steps in front of a modern glass office building, the men wearing rose, navy, and light shirts, drawn in warm ochre and slate-blue chalk and pastel strokes with cross-hatching on sepia newsprint.

Guardio announced a $40 million funding round at a $1.1 billion valuation, bringing total funding for the Tel Aviv consumer-cybersecurity company to $167 million. Wiz co-founder and CEO Assaf Rappaport joined existing investors ION Crossover Partners, Union Tech Ventures, Vintage Investment Partners, Cerca Partners and Emerge Ventures. Guardio says it now has one million paying customers, $150 million in annual recurring revenue, and more than 100% annual revenue growth for four consecutive years. The company plans to use the capital to strengthen consumer protection across messages, email, calls and web activity.

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