Wiz Eyes IPO After Rejecting $23 Billion Offer From Google, Targets $1 Billion ARR by 2025

Benzinga

Cybersecurity firm Wiz aims to achieve $1 billion in annual recurring revenue by 2025, according to co-founder Roy Reznik. Wiz offers cloud risk assessment software, helping organizations secure data on cloud platforms. Wiz rejected a $23-billion acquisition bid from Google to remain independent. With $1.9 billion raised in venture capital, Wiz achieved $500 million in ARR this year and is focused on expanding, particularly in Europe. CEO Assaf Rappaport cites $1 billion in ARR as a key milestone before an IPO.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Cybersecurity firm Wizz aims to achieve $1 billion in annual recurring revenue by 2025,

00:07according to co-founder Roy Resnick. Wizz offers cloud risk assessment software,

00:12helping organizations secure data on cloud platforms.

00:16Wizz rejected a $23 billion acquisition bid from Google to remain independent.

00:21With $1.9 billion raised in venture capital, Wizz achieved $500 million in ARR this year

00:27and is focused on expanding, particularly in Europe. CEO Asaf Rapoport cites $1 billion

00:32in ARR as a key milestone before an IPO. For all things money, visit Benzinga.com

00:38slash GSTV.

Category

Transcript

Comments

Recommended