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$100M ARR in 18 months: Wiz becomes the fastest-growing software company ever

wiz.io

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Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever

#11

Post by baxtr »

billyhoffman wrote: post #7

Some 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. https://www.crunchbase.com/organization/wiz-inc

It’s not only disingenuous. It’s also pretty silly. As if life and creating value is a sprint with winners and losers.

They’re clearly playing a finite game to use a more popular term. Let’s revisit this company in 5-7 years. Shall we?

Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever

#14

Post by superb-owl »

billyhoffman wrote: post #7

Some 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. https://www.crunchbase.com/organization/wiz-inc

They seem to have started the clock at $1M ARR. Looks like they were in "stealth mode" for their first year, which is probably when they got to $1M.

Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever

#15

Post by brasetvik »

I don't know anything about their product, but their security team has been publishing high quality research, e.g. https://www.wiz.io/blog/the-cloud-has-an-isolation-problem-p... and https://www.wiz.io/blog/chaosdb-explained-azures-cosmos-db-v...

Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever

#17

Post by mkl95 »

betaby wrote: post #13

Corporate lingo never cease to amaze https://www.wiz.io/blog/meet-new-wiz-board-member-emily-heat...

> Particularly at the time, a few years ago when everybody was moving to the cloud, the cloud area was just a huge blindspot for businesses. They thought that cloud providers were providing all the security they needed, but that’s simply not the case. Visibility is the key word here for understanding just how big this problem was.

Everybody is still moving to the cloud, and visibility is only part of the problem. Most businesses only care about security if they are forced to - i.e. when they need to get SOC certified to work with some corp.

Re: $100M ARR in 18 months: Wiz becomes the fastest-growing software company ever

#18

Post by tastemykungfu »

eljimmy wrote: post #10
tastemykungfu wrote: post #3

Apparently 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.

They compare themselves to Slack and Twilio - on there visual graphs. So yeah, oranges to bananas I guess.
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