Benzinga
Benzinga
  • 11 hours ago
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.
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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.

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