Corporation

Updated:

Wiz

Wiz was founded in 2020 in Tel Aviv by Assaf Rappaport, Ami Luttwak, Roy Reznik, and Yinon Costica — the same team that built cloud access security broker...

Wiz

Wiz was founded in 2020 in Tel Aviv by Assaf Rappaport, Ami Luttwak, Roy Reznik, and Yinon Costica — the same team that built cloud access security broker Adallom and sold it to Microsoft for $320 million in 2015. The four co-founders stayed at Microsoft to lead its Azure Cloud Security Group before leaving to start Wiz with a conviction that legacy endpoint and perimeter tools were missing the fastest-growing attack surface: the cloud control plane. They headquartered the company in New York and built an agentless platform that ingests data across AWS, Azure, GCP, and Kubernetes environments in minutes, mapping every workload, identity, and exposure without installing software. Wiz's core product is a Cloud-Native Application Protection Platform, or CNAPP, that scans the entire cloud stack — from host vulnerabilities and misconfigurations to identity privileges and secrets — and produces a single graph of risk paths an attacker could exploit. The company sells primarily to large enterprises, with deployment focused on cloud security posture management, vulnerability prioritization, and container security across North America and EMEA. Named customers disclosed in public record include Salesforce, BMW, Morgan Stanley, and DocuSign. The company raised from a syndicate of top-tier venture firms across multiple record-breaking rounds: Sequoia, Index Ventures, Insight Partners, Greenoaks, and Lightspeed all hold board or significant investor seats (per Crunchbase, public record). Wiz reached $100 million in annual recurring revenue within 18 months of launching the product and disclosed $350 million in ARR in 2024 (per Bloomberg, February 2024), making it the fastest-growing enterprise software company at that scale. The company grew to approximately 900 employees by early 2024, with offices in New York and Tel Aviv serving global accounts. March 2024: Wiz acquired Gem Security, a Tel Aviv-based cloud detection and response startup, to layer real-time threat detection onto its posture management platform — an operational move that expanded its SOC appeal and moved it closer to competing as a consolidated platform (per the firm, March 2024). The company declined a separate $23 billion acquisition offer from Google in mid-2024, choosing to pursue an IPO path (per TechCrunch, July 2024). Wiz represents a structural shift in cybersecurity buying that consolidates multiple legacy point tools into one graph-based platform purchased by the CISO rather than siloed cloud teams. The company's agentless architecture means it does not compete directly on endpoints with incumbents like CrowdStrike or on network detection with Palo Alto Networks; instead it competes on the speed and completeness of cloud visibility and risk prioritization — a positioning that generates intense competitive dynamics with Microsoft, which owns the cloud infrastructure Wiz secures and the security business Wiz's former founders helped build.

Website
wiz.io

General information

Firm type

Corporation

Year founded

2020

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Additional offices

Tel Aviv, Israel

Principals

Assaf Rappaport

CEO and Co-founder

Ami Luttwak

CTO and Co-founder

Roy Reznik

VP Engineering and Co-founder

Yinon Costica

VP Product and Co-founder

Sector focus

CybersecurityEnterprise SoftwareAI/ML

Frequently asked questions

Who runs Wiz and what is their background?

Wiz is run by the same four co-founders who built Adallom: CEO Assaf Rappaport, CTO Ami Luttwak, VP Engineering Roy Reznik, and VP Product Yinon Costica. All four worked together at Microsoft's Azure Cloud Security Group after Microsoft bought Adallom in 2015. Their shared operating history — building a cloud security company, selling it to a hyperscaler, running a major product division inside that hyperscaler, and then leaving together to attack the same problem from a different angle — is unusual in enterprise software.

How does Wiz's agentless architecture work and why does it matter?

Wiz scans cloud environments without installing agents on every workload — it ingests API data across AWS, Azure, GCP, and Kubernetes, then builds a graph of assets, identities, exposures, and attack paths in minutes. This means deployment does not require months of agent rollout or kernel-level access on production servers. For security buyers, the practical trade-off is faster time-to-value and complete coverage of ephemeral cloud workloads at the cost of missing real-time process-level telemetry that endpoint agents provide.

What is Wiz's relationship with Microsoft and why is it competitive?

Microsoft bought Adallom — the previous company from Wiz's four co-founders — and the team then ran Azure Cloud Security Group inside Microsoft for several years. Today Wiz secures workloads running on Azure while Microsoft sells competing cloud security products including Defender for Cloud. The poaching of senior engineers and competitive dynamics between the two companies have been a persistent theme, with multiple lawsuits and countersuits related to intellectual property and hiring since 2023 (per public court filings).

What cloud platforms does Wiz support?

Wiz supports Amazon Web Services, Microsoft Azure, Google Cloud Platform, and Kubernetes-based environments. It scans across the full stack of each provider, including compute instances, serverless functions, databases, storage, identity and access management configurations, and container registries. The platform is multi-cloud by design and presents findings in a unified graph regardless of which cloud provider hosts a given workload.

How does Wiz fit into a broader enterprise security stack?

Wiz competes primarily in the Cloud-Native Application Protection Platform category, where it consolidates cloud security posture management, cloud workload protection, cloud identity and entitlement management, and vulnerability scanning. It does not replace endpoint detection or network firewalls, but it does compete with legacy vulnerability scanners, standalone CSPM tools, and increasingly with SIEM and XDR platforms for the initial cloud detection use case — especially after acquiring Gem Security for cloud detection and response in March 2024.

Why did Wiz reject Google's $23 billion offer in 2024 but accept $32 billion in 2025?

Wiz declined Google's reported $23 billion acquisition offer in July 2024, citing plans to pursue an initial public offering and reach $1 billion in annual recurring revenue independently (per TechCrunch, July 2024). In March 2025, Google returned with a $32 billion all-cash offer — a 39 percent higher valuation — which Wiz's board accepted. The difference between the two offers reflects both Wiz's continued revenue growth in the intervening quarters and the escalation in strategic valuation for cloud security platforms capable of securing AI workloads (per Google and Wiz joint statement, March 2025).

Does Wiz serve any market beyond large enterprises?

Wiz's pricing and product posture target large enterprises with complex multi-cloud estates — the disclosed logos include Fortune 500 companies across financial services, software, and industrials. The company has not launched a dedicated SMB or mid-market product tier. Its self-service motion is limited, and its sales model relies on high-touch security architecture discussions, which makes it structurally less accessible to organizations with below roughly $500 million in revenue unless through managed security service provider partners.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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