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

Wiz co-founder Roy Reznik said the company hit $500 million in annual recurring revenue this year, and still thought it could double that in 2025.

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. He also reiterated that the $1 billion-mark is a prerequisite for the IPO that Wiz promised employees when it walked away from acquisition talks with Google last summer at a $23 billion price tag. Should Wiz achieve the $1 billion ARR number before attempting an IPO – and if its underlying financials are strong and indicate more potential growth – it could indeed have a record-breaking public debut.

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