CNBC May 9, 2023
Key Points
– Wiz CEO Assaf Rappaport said his three-year-old startup has been taking cloud security business from Palo Alto Networks.
– The company has gained a higher profile by finding vulnerabilities in Microsoft’s Azure cloud, which it works to help organizations use securely.
– Wiz ranked fifth on this year’s CNBC’s Disruptor 50 list.
Over the past year, the tech landscape has been dominated by stories of downsizing due to rising interest rates, inflation and concerns about economic tumult. Even in growth areas like the cloud, businesses are reeling in spending.
Don’t tell that to Wiz.
The cybersecurity software vendor said in August that it reached $100 million in annual recurring revenue after selling its product for just a...
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