Cloud security company Wiz has announced reaching $350 million in Annual Recurring Revenue (ARR). The company has also appointed Dali Rajic as President and Chief Operating Officer.
Rajic joins Wiz from Zscaler, where he served as COO and President overseeing a sevenfold revenue increase. With over 25 years of experience scaling go-to-market operations at companies like AppDynamics, BMC Software, and Verint, Rajic will aim to help Wiz continue its high growth trajectory.
Founded in 2020, Wiz has rapidly grown to become a leader in cloud security. The company secures cloud environments for over 900 employees and hundreds of customers including Salesforce, BMW, DocuSign, and Agoda.
Wiz is now targeting $1 billion in ARR, likely with an eventual IPO down the line. According to CEO Assaf Rappaport, “The upcoming year will be no different, and we are eager to reach the future milestone of $1 billion as we look toward an IPO.”
With new product innovations and the recent ARR benchmark, Wiz appears positioned for continued fast-paced success. The appointment of an executive with Rajic’s experience scaling businesses aims to support these efforts.