Wiz

Wiz is a pioneering cloud security platform that specializes in agentless vulnerability scanning and risk identification across multi-cloud environments. Founded in 2020, the company has rapidly established itself as a leader in the cybersecurity space, achieving an impressive $500 million in annual recurring revenue (ARR) by mid-2024, reflecting a remarkable 216% year-over-year growth. Wiz's innovative approach allows organizations to seamlessly connect their cloud environments via API, providing a comprehensive dashboard that highlights vulnerabilities and misconfigurations, ensuring a robust security posture.

What sets Wiz apart from competitors is its unique ability to deliver a cloud-native application protection platform (CNAPP) that integrates multiple security functions, including cloud infrastructure entitlements management and Kubernetes security. This versatility has attracted major clients like Morgan Stanley and Salesforce, who have switched from traditional vendors like Palo Alto Networks to leverage Wiz's user-friendly and effective solutions. The company’s strategic focus on top-down enterprise deals, combined with its affordable entry-level product, Wiz Essential, allows it to capture customers early in their cloud journey.

With a recent valuation of $12 billion following a $1 billion funding round, Wiz is poised for continued growth as it expands its total addressable market. The company aims to redefine cloud security by evolving its offerings and enhancing its capabilities, ensuring that organizations can confidently navigate the complexities of multi-cloud environments.