Cloud security startup Wiz reaches $100M ARR in just 18 months
https://techcrunch.com/2022/08/10/cloud-security-startup-wiz-reaches-100m-arr-in-just-18-months/
Cloud security startup Wiz launched just two years ago. It’s released its first product about 18 months ago. In December the company announced a $550 million Series A on a $6 billion valuation. That’s a lot of money for an early stage startup, and it’s put a lot of pressure on the founders to live up to such gaudy numbers.
It seems they haven’t had much trouble, if their company’s latest ARR figures are any indication. Wiz claims to be the fastest company ever to $100 million in annual recurring revenue (ARR), scaling from $1 million to $100 million in ARR in just over 18 months from February 2021 to approximately July 2022, according the company.