{"id":5496,"date":"2024-02-15T17:57:55","date_gmt":"2024-02-15T17:57:55","guid":{"rendered":"https:\/\/forbes.co.il\/e\/?p=5496"},"modified":"2024-06-10T17:59:05","modified_gmt":"2024-06-10T17:59:05","slug":"wiz-announces-350m-in-annual-recurring-revenue-targets-1b","status":"publish","type":"post","link":"https:\/\/forbes.co.il\/e\/wiz-announces-350m-in-annual-recurring-revenue-targets-1b\/","title":{"rendered":"Wiz Announces $350M in Annual Recurring Revenue, Targets $1B"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wiz is now targeting $1 billion in ARR, likely with an eventual IPO down the line. According to CEO Assaf Rappaport, &#8220;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.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With new product innovations and the recent ARR benchmark, Wiz appears positioned for continued fast-paced success. The appointment of an executive with Rajic&#8217;s experience scaling businesses aims to support these efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cloud security company appoints Dali Rajic to President &#038; Chief Operating Officer. Rajic was recently COO and president at Zscaler overseeing a sevenfold revenue increase<\/p>\n","protected":false},"author":5,"featured_media":5497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,71,8],"tags":[],"class_list":["post-5496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurs","category-innovation","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wiz Announces $350M in Annual Recurring Revenue, Targets $1B - Forbes Israel<\/title>\n<meta name=\"description\" content=\"Cloud security company appoints Dali Rajic to President &amp; Chief Operating Officer. 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