Third Acquisition This Year: Cybersecurity Unicorn Wiz Announces Acquisition of Dazz
Cybersecurity unicorn Wiz has announced the acquisition of the Palo Alto based cybersecurity company Dazz, the leader in Unified Security Remediation and ASPM. This strategic acquisition comes on the heels of the recent launch of Wiz Code, marking Wiz’s transition into a multi-product company. Dazz was founded in 2021 by Merav Bahat (CEO), Tomer Schwartz (CTO), and Yuval Ofir (VP of R&D), all of whom have extensive experience in the cybersecurity field.
The acquisition of Dazz will enable Wiz to double down on its offering and extend beyond Wiz Code’s value for customers by introducing AI-driven prioritization and remediation capabilities.
This acquisition marks Wiz’s third in a year, following the acquisitions of Raftt, a cloud-based developer collaboration platform, and Gem Security, a cloud detection and response company.
Wiz has raised $1.9 billion in funding, boasts over $500 million in ARR, and counts more than 45% of the Fortune 100 as customers. The company continues to pursue strategic M&A opportunities as part of its mission to build the most comprehensive cloud security platform.