Wiz hopes to hit $1B in ARR in 2025 before an IPO, after turning down Google’s $23B

Wiz co-founder and VP of R&D Roy Reznik told CNBC last week that the company has hit $500 million in annual recurring revenue, and plans to double that in 2025 to $1 billion. ARR at the cloud security startup was at about $350 million in May, but was already around $500 million by July when it walked from Google, TechCrunch reported at the time. In an email to employees after deal talks ended, Wiz’s CEO Assaf Rappaport told Wiz’s 1,200 employees that the company wanted $1 billion in ARR before an IPO.