Cybersecurity firm Wiz targets $1B ARR by 2025 for IPO, rejects Google's $23B acquisition offer.

Cybersecurity firm Wiz, which turned down a $23 billion acquisition offer from Google, aims to achieve $1 billion in annual recurring revenue by 2025 as a prerequisite for going public. Co-founder Roy Reznik noted the company's software scans cloud providers like AWS and Azure for risks. With $1.9 billion raised in venture capital, Wiz is expanding internationally, particularly in Europe, where it recently opened an office in London.

October 18, 2024
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