Dazz

Profile (continued)

In February 2024, Dazz hired Jared Phipps, a former SentinelOne SVP, as Chief Revenue Officer to build out a channel-driven go-to-market motion (an early channel partner was Presidio). Dazz was also named among crn.com's 'Hottest Cloud Security Startups' and 'Cybersecurity Startups to Watch' lists in 2023-2024, alongside adjacent/competing ASPM and remediation vendors like Legit Security, Endor Labs, and Astrix Security.

Rumors of a Wiz acquisition of Dazz surfaced in early November 2024 (Calcalist reported talks 'worth hundreds of millions'), and on November 21, 2024, Wiz announced it was acquiring Dazz. Sources told TechCrunch the cash-and-stock deal was valued at approximately $450 million - a premium to Dazz's ~$400M July 2024 valuation. Wiz CEO Assaf Rappaport called Dazz 'the leader in this market, with the best talent and the best customers, and...a great culture fit,' and Wiz co-founder Ami Luttwak said Dazz's technology - particularly its ability to trace vulnerabilities back to responsible engineers - was superior to Wiz's existing, more limited remediation features. The deal followed Wiz's earlier 2024 acquisitions of Gem Security (~$350M) and Raftt Systems, and came only months after Wiz itself had walked away from a rumored $23 billion acquisition offer from Google. At the time of the Dazz deal, Wiz reported ~$500M in annual recurring revenue (targeting $1B) and said it had set aside roughly $1 billion for further M&A; Dazz reported ARR 'in the tens of millions of dollars,' growing about 500% year-over-year, from roughly 100 customer organizations. Dazz was said to continue operating as a distinct entity within Wiz during integration, with its technology feeding into Wiz's 'Wiz Code' product line. Notably, Dazz's competitor Cyera announced its own $300 million round at a $5 billion valuation the day before the Wiz-Dazz deal was announced, underscoring rapid consolidation and scaling across the ASPM/cloud-security-remediation category (which also includes ArmorCode, Legit Security, and Apiiro).

As of mid-2026, Dazz's dazz.io domain redirects entirely to Wiz's blog post announcing the acquisition, confirming Dazz no longer operates as an independent branded product/company. In January 2025, Wiz (Dazz's new parent) hired Mor Chen as a Greylock partner to focus on early-stage Israeli founders; Greylock's announcement of that hire cited Dazz as one of the firm's notable Israeli-founder investments (alongside Wiz itself, Apiiro, Cato Networks, Imperva, Palo Alto Networks, and others). Separately, in January 2025 Globes quoted Dazz's (by-then Wiz-employed) CEO Merav Bahat suggesting Wiz itself had the potential for a $100 billion valuation. According to Calcalist reporting from June 2026, Bahat subsequently left Wiz (in the wake of Wiz's since-revived/renewed M&A discussions with Google) to pursue a new AI-focused cybersecurity venture, and was reported to be raising a $25-30 million AI fund together with Assaf Rappaport and backers including Sequoia, Greylock, and a16z - suggesting Greylock's relationship with the Dazz/Bahat/Rappaport network of founders continued well beyond the Dazz acquisition itself. Because Dazz's current status is 'acquired' and it no longer operates independently, Merav Bahat is listed here as the last confirmed CEO of Dazz as a standalone entity; her subsequent departure from Wiz does not change Dazz's historical leadership record.

Go-to-market

Security and engineering teams at large enterprises running multi-cloud and hybrid environments (e.g., users of Palo Alto Networks, Wiz, and CrowdStrike detection tools) who need help prioritizing and remediating large volumes of vulnerabilities; company reported roughly 100 customer organizations as of November 2024.

Ownership

subsidiary — parent: Wiz, Inc.