Wiz becomes the fastest-growing software company ever (2022)
Wiz, a cloud security company, rapidly reached $100 million in annual recurring revenue in 18 months. It offers innovative cloud security solutions, attracting clients like BMW and Salesforce. Wiz plans to expand further.
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Wiz, a cloud security company, has achieved a significant milestone by reaching $100 million in annual recurring revenue (ARR) within just 18 months of its launch, making it the fastest-growing software company to achieve this feat. Wiz focuses on helping organizations reduce cloud risk and has attracted top-tier clients like BMW, Salesforce, and Slack. The company's success is attributed to its innovative approach to cloud security, offering a platform that provides visibility, context, and immediate operationalization without the need for agents. Wiz's Security Graph technology identifies and prioritizes risks across various layers, enabling organizations to enhance their security posture effectively. The company has also expanded its capabilities to include breach detection and coverage for Oracle Cloud and Alibaba Cloud. To support its rapid growth, Wiz has expanded its team, onboarded top industry executives, and opened new headquarters in New York. Looking ahead, Wiz aims to continue evolving as a critical security platform for organizations leveraging cloud technology.
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6 comments"$100M ARR in 18 months: Wiz becomes the fastest-growing software company ever" (2022)
Related:
"Google parent in talks to buy cybersecurity startup Wiz for $23 billion" (2024):
https://www.reuters.com/markets/deals/google-parent-close-23...
This whole sector needs to rethink itself. In the CIA triangle it's all about the I and a pile of cash but never about the A, which is what the customers give a shit about.
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Google on the verge of acquiring cloud security company Wiz for $23B
Alphabet is in advanced talks to acquire cloud security company Wiz for $23 billion. Wiz scans data from major platforms for security risks. The potential deal aims to boost Google's cloud business.
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Google Readies $23B Deal for Wiz, a Startup, Despite Antitrust Scrutiny
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The Wiz Research Team identified vulnerabilities in SAP AI Core, enabling unauthorized access to customer data. Reported issues included network bypass, AWS token leaks, and exposure of sensitive information. SAP addressed and resolved all vulnerabilities.