In a conversation with Calcalist, Merav Bhatt, co-founder and CEO of Dazz, shared: “Yesterday, we signed the deal. Initial talks started recently but were paused after my mother passed away. Negotiations resumed soon after and culminated in a very happy event for us. Although the company has only seen a few months of success, we have hired many talented sales people and closed some great deals, and I believe we will go much further. Many of our clients look at this as a We were a strong combination and they encouraged us to move forward with the merger. I realized that it was better for us to combine our efforts rather than continue independently.
The Dazz platform will be integrated into Wiz Code, a new product launched by Wiz in September. Wiz Code enables development and security teams to identify vulnerabilities early in the development process, directly in the code. It also links vulnerabilities discovered in cloud environments to the source code that caused them, allowing teams to prioritize and address issues quickly.
Dazz was founded in 2021 by Merav Pahat (CEO), Tomer Schwartz (CTO), and Yuval Ofir (VP R&D). All three have extensive experience in cybersecurity: Merav served as Microsoft Israel's Deputy General Manager for Research and Development and led the Cloud Security business division. Tomer was an early employee at Adallom, a company founded by the Wiz team, which was acquired by Microsoft for $320 million, and later co-founded Armis, now worth $3.4 billion. Yuval was a technology lead for the 8200th and vice president of research and development at cybersecurity company Claruti.
The Dazz platform uses automation and artificial intelligence to identify, prioritize and remediate vulnerabilities in cloud environments. It collects millions of alerts from different detection tools, prioritizes critical vulnerabilities, and provides developers with clear, automated instructions for resolving issues – down to the exact line of code. This approach significantly reduces the time needed to remediate vulnerabilities, often ranging from just weeks to hours. Over the past four years, Dazz has grown rapidly, achieving 500% year-over-year sales growth.
For Wiz, this marks the third acquisition in 12 months. In December, Wiz acquired Raftt, a cloud collaboration platform for developers, and in April, it acquired Gem Security, which specializes in detecting and responding to cloud attacks in real-time. Since its founding, Wiz has raised $1.9 billion, generated $500 million in annual recurring revenue (ARR), and serves approximately 45% of Fortune 100 companies. The company continues to seek M&A opportunities to strengthen its position as a leader in cloud security.
Wiz was founded by Assaf Rappaport (CEO), Yinon Costica (VP Product), Ami Luttwak (CTO), and Roy Reznik (VP R&D). The founding team has worked together for more than 20 years, including at Microsoft's leading cloud security group, which acquired former startup Adallom for $320 million.
“Wiz has always been committed to enabling organizations to truly improve their security posture, not only to report risks, but also to prioritize and resolve them,” said Assaf Rappaport, co-founder and CEO of Wiz. “Dazz is a strong addition to Wiz's mission, offering an industry-leading solution that has gained strong market traction through continuous innovation and AI-driven capabilities. The talented team at Dazz has already collaborated closely with Wiz, and we are thrilled to bring this unified offering to our customers, enabling It represents a new era in application security and vulnerability management.
