Wiz hopes to hit $1B in ARR in 2025 before an IPO, after turning down Google’s $23B | TechCrunch

Wiz hopes to hit B in ARR in 2025 before an IPO, after turning down Google’s B | TechCrunch

Wiz co-founder and VP of R&D Roy Reznik told CNBC last week that the company has hit $500 million in annual recurring revenue, and plans to double that in 2025 to $1 billion. He also reiterated that the $1 billion-mark is a prerequisite for the… Article Source https://techcrunch.com/2024/10/23/wiz-hopes-to-hit-1b-in-arr-in-2025-before-an-ipo-after-turning-down-googles-23b/

After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’

After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’

LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company’s billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public “when the stars align.” Wiz makes software that… Article Source https://www.cnbc.com/2024/10/18/after-rejecting-google-takeover-wiz-says-will-ipo-when-stars-align.html