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%.
- Snowflake's revenue grew 28% to $942 million
- Snowflake's net loss for the quarter amounted to $324 mln
- At the same time, the net loss for the year increased by $110 million
- Revenue from product sales generated 96% of all revenue
- Snowflake has a strong focus on cost savings
- Snowflake has no plans to downsize its employees
- At the end of October, the number of customers was 10.6+ thousa
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Stephanie Turner
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2 months ago
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OpenAI is considering building its own web browser
- OpenAI may create a browser where it integrates ChatGPT
- It previously took two key people from the Chrome team
- Creating a browser would give OpenAI more internet control
- It will help expand ChatGPT, whose WAU is already 300+ million
- What else the OpenAI browser might be different from is unclear at this point
- That said, it's too far away from the OpenAI browser launch for now
- It is
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