$100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
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Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#2Funny, I haven't heard of this tool. Looks a lot like evident.io from back in the day, perhaps a bit simpler version--and they had a pretty decent outcome I'd say!
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#3Apparently they have launched 2 years ago..
And I havn't even heard of them?
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#4Is it something like kube-bench as a service? What's the killer feature?
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#5ARR is a forward looking number, so more accurately, they’re claiming to be the first software company to ever reach $100m / 12 = ~$8m/month in recurring revenue commitments from today (their 18th month).
I don’t know if their claim to be first is true or false (or even if it matters at all) but it feels a little unbelievable that no company has ever reached this milestone before — surely there’s a few companies that have reached $8m/m within their first 18 months?
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#6What if you just have one server (VPS)?
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#7Some context: they raised $600M total, including a $100M series A in December of 2020. Which is mind-boggling since, if there “18 month” timer is true, They raised $100M with no revenue and no growth numbers or retention numbers.
I’m not sure when they started their “18 months” timer, but this seems disingenuous to compare to other companies.
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#8ARR is a forward looking number, so more accurately, they’re claiming to be the first software company to ever reach $100m / 12 = ~$8m/month in recurring revenue commitments from today (their 18th month). I don’t know if their claim to be first is true or false (or even if it matters at all) but it feels a little unbelievable that no company has ever reached this milestone before — surely there’s a few companies that…
Was about to make the same point. Obviously well done to the team all the same.
Security continues to be an amazing market to play In which is advice I’ve heard for many years. A lot of vendors seem to experience fast growth.
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#9Apparently they have launched 2 years ago.. And I havn't even heard of them?
Yeah I came here to say.....wiz who?
Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
#10Apparently they have launched 2 years ago.. And I havn't even heard of them?
They're B2B so not really something the average person would hear about or even be interested in.