Wiz Acquires Dazz to Revolutionize Cloud Security Remediation

Dazz would be the drive multiplier for Wiz Code, Wiz’s newest product designed to safe the applying lifecycle with a developer-centric method

NEW YORK, NY / ACCESS WIRE / November 21, 2024 / Cloud safety chief Wiz as we speak introduced the acquisition of Palo Alto-based startup Dazz, the chief in Unified Safety Remediation and ASPM. This strategic acquisition follows the latest acquisition launch of Wiz codemarking Wiz’s transition right into a multi-product firm. By integrating Dazz’s capabilities into Wiz, Wiz goals to increase its providing into good threat prioritization and remediation, simplifying the way in which prospects strengthen their safety posture. This enables safety and engineering groups to extra successfully mitigate threats and supplies vulnerability administration groups with a unified remediation platform.

Based in 2021 by Merav Bahat (CEO), Tomer Schwartz (CTO) and Yuval Ofir (VP R&D), Dazz has remodeled conventional vulnerability and threat administration by leveraging AI, automation and root trigger evaluation, enabling safety and engineering groups are capable of determine, prioritize and repair vulnerabilities in hours as a substitute of weeks. The Dazz platform helps safety and developer groups work higher collectively whereas offering complete visibility throughout your complete assault path, from cloud to code and again, and throughout CI/CD pipelines. The corporate has skilled distinctive enterprise momentum with 500% progress in ARR yr over yr, managing greater than 8 billion vulnerabilities, resolving greater than two billion root trigger points, and deprioritizing many extra. Dazz has raised $110 million from prime cybersecurity buyers together with Greylock Companions, Perception Companions, Index Ventures and Cyberstarts, with the newest funding spherical going down in July.

In September, Wiz launched Wiz Code, a brand new product designed to deliver safety and growth groups nearer collectively by tracing cloud points again to their origins within the code. The acquisition of Dazz will permit Wiz to double down on its providing and transcend Wiz Code’s worth to prospects by introducing AI-driven prioritization and remediation capabilities. This acquisition is Wiz’s third in a yr, following the acquisitions of Rapida cloud-based developer collaboration platform, and Gem securitya cloud detection and response firm. Wiz has raised $1.9 billion in funding, has greater than $500 million in ARR, and counts greater than 45% of the Fortune 100 as prospects. The corporate continues to pursue strategic M&A alternatives as a part of its mission to construct essentially the most complete cloud safety platform.

“Wiz has all the time been dedicated to empowering organizations to really enhance their safety posture – not simply reporting on dangers, however prioritizing and resolving them,” stated Assaf Rappaport, co-founder and CEO of Wiz. “Dazz is a robust addition to Wiz’s mission, bringing an industry-leading resolution that has gained sturdy market momentum by way of relentless innovation and AI-driven capabilities. The proficient crew at Dazz has already labored carefully with Wiz, and we’re excited to ship this unified providing to our prospects, ushering in a brand new period in software safety and vulnerability administration.”

“Publicity administration and remediation are prime priorities for cybersecurity groups throughout the {industry}, from Fortune 500 corporations to high-growth corporations. Our crew’s dedication to fixing actual buyer wants, mixed with unparalleled expertise, has translated into Dazz’s hyper-growth over time,” stated Merav Bahat, co-founder and CEO of Dazz. “We now have revolutionized this area with improvements centered on prioritization, root trigger evaluation and AI remediation capabilities. Now we’re excited to affix Wiz to pursue the shared mission of simplifying cloud restoration as we collectively construct the world’s main cybersecurity firm.”

About Wiz

Wiz secures every part organizations construct and run within the cloud. Based in 2020, Wiz is the quickest rising software program firm on this planet. Wiz allows tons of of organizations worldwide, together with greater than 45 % of the Fortune 100, to shortly determine and take away essential dangers in cloud environments. Clients embody Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid and Agoda. Wiz is backed by Andreessen Horowitz, Sequoia, Index Ventures, Lightspeed, Perception Companions, Cyberstarts, Thrive Capital, Greylock, Wellington, Salesforce, Blackstone, Introduction, Greenoaks and Aglaé. Go to https://www.wiz.io for extra info.

Contact particulars

Tamar Harel
Inform NY
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SOURCE: Wiz

View the unique press release at newswire.com.