Wiz's Strategic Move: Potential Multi-Million Dollar Acquisition of Dazz

Summary:

Wiz is considering acquiring Dazz for at least $500 million.
Dazz achieved a 400% increase in ARR between 2023 and 2024.
Wiz reached a valuation of $12 billion and has raised $1.9 billion since 2020.
Dazz has raised $105 million from top investors, enhancing its cloud security solutions.
Merav Bahat, co-founder of Dazz, has extensive experience from Microsoft’s cloud security division.

Wiz Explores Acquisition of Dazz

The cybersecurity giant Wiz is eyeing the acquisition of Israeli startup Dazz, known for its AI-powered cloud security remediation solutions. Led by co-founder and CEO Merav Bahat, Dazz recently completed a $50 million fundraising round in July, achieving an estimated valuation of $400 million. This places the potential purchase price for Wiz at a minimum of $500 million.

Dazz co-founders Photo: Netanel Tobias

Rapid Growth and Demand

Dazz has reportedly received multiple acquisition offers, attributed to its 400% increase in Annual Recurring Revenue (ARR) between 2023 and 2024. The company has also tripled its salesforce and expanded its operations significantly across the U.S., Europe, and Israel.

Dazz has raised a total of $105 million from notable investors like Greylock Partners, Cyberstarts, Insight Partners, and Index Ventures. Its unified remediation platform allows visibility across various detection tools and environments, which helps customers significantly reduce their Mean Time to Remediate (MTTR) security issues.

Founding Team Expertise

Dazz was co-founded by Merav Bahat, who previously served as the Deputy CEO at Microsoft’s Israel R&D Center, alongside Tomer Schwartz (CTO) and Yuval Ofir (VP of R&D). Bahat's experience in Microsoft’s cloud security division provides a strong foundation for Dazz’s innovative solutions.

Wiz's Market Position

Wiz, recognized as one of the largest private cybersecurity companies globally, reached a valuation of $12 billion in its latest funding round and has raised $1.9 billion since its inception in 2020. The company aims to expand its influence and capabilities in the cybersecurity landscape, marking this potential acquisition as a significant step forward in its growth trajectory.

Dazz co-founders. (Photo: Netanel Tobias)