Wiz Zaps Up Dazz: A $450M Move to Supercharge Cloud Security
Cloud security provider Wiz is acquiring Israeli startup Dazz for $450 million. This acquisition enhances Wiz’s product lineup, integrating Dazz’s remediation engine to streamline risk management across multiple platforms. CEO Assaf Rappaport emphasizes the focus on improving security posture by prioritizing and resolving critical issues efficiently.
Key Points:
- Wiz acquires Israeli startup Dazz for $450 million in a cash-and-share deal.
- The acquisition strengthens Wiz’s product portfolio with Dazz’s security remediation technology.
- Wiz’s platform will now offer risk management across code, cloud, and on-premise infrastructure.
- Wiz raised $1 billion for strategic acquisitions earlier this year.
- Google was turned down by Wiz after a $23 billion acquisition offer.
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