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Stephanie Turner
a year ago
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Wiz buys startup Dazz for $450 million to expand its IS platform
- Wiz is making a significant new acquisition
- It is buying IS startup Dazz for a price of $450 million
- This deal will be paid in cash and stock
- In July 2024, Dazz had a valuation of $400 million
- The startup focuses on vulnerability remediation
- It also focuses on configuration management
- Wiz did not fully provide such services.
- It claims that Dazz was the leader in this market
- Dazz's solutions are planned to be integrated for Wiz
- Wiz itself has an ARR of $500 million.
- It plans to reach $1 billion ARR in the next year
- It already has 45% of Fortune 100 companies as customers
- ARR for Dazz is in the tens of millions of dollars
- He has about 100 customers and revenue is growing at 500%.
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