$100M ARR in 18 months: Wiz becomes the fastest-growing software company ever
wiz.ioSome 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.
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?
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.
ARR 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?
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.
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.
Yeah I came here to say.....wiz who?
You sure? In my household as often as we talk about "Googling it" you will also hear us discuss "Taking a wiz".
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...
Funny, 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!
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.
Is it something like kube-bench as a service? What's the killer feature?
What if you just have one server (VPS)?
The product is not suitable to your needs then? sigh