Wiz's current annual recurring revenue (ARR) is approximately $500 million. This represents significant growth from their earlier milestones:
Wiz achieved 1 million to $100 million ARR between February 2021 and approximately July 2022. This made Wiz the fastest software company to reach this milestone at the time.
The company's growth has been rapid since its founding in March 2020:
In December 2020, about 9 months after starting, Wiz raised 2 million ARR.
By May 2021, they raised a $120 million Series B round.
In October 2021, they secured a $250 million Series C round.
In May 2024, Wiz raised an additional $1 billion Series D round.
The company's valuation has also increased dramatically:
$500 million at Series A
$1.7 billion at Series B
$6 billion at Series C
$12 billion at Series D
Currently, Wiz is reportedly in talks with Google for a potential $23 billion acquisition, which would make it Google's largest acquisition to date.
This growth trajectory demonstrates Wiz's rapid expansion in the cloud security market, with their ARR increasing from 500 million in less than two years since their initial $100 million ARR milestone.
Jul 16, 2024
source
Notify me when new products and ARR signals are added. Sign up. It's free.