Wiz acquires Dazz for $450 million to strengthen AI-driven cloud security

Cyber unicorn Wiz has acquired the Israeli cyber company Dazz, which develops a platform for the automated remediation of security vulnerabilities. While the purchase amount was not officially disclosed, it is estimated to be approximately $450 million, mostly in cash with the remainder in shares. The acquisition, first reported by Calcalist, is Wiz's third in the past 12 months, following its purchases of Raftt and Gem Security.

Check out all Wiz related stories

In a conversation with Calcalist, Merav Bahat, co-founder and CEO of Dazz, shared: "Yesterday, we signed the deal. The initial talks began recently but were paused after the death of my mother. Negotiations resumed shortly after and culminated in the agreement. This is a very happy event for us. Even though the company has seen only a few months of success, we recruited many talented people for sales and closed some impressive deals. I believe that together with Wiz, we will reach far more customers. Many of our clients view this as a strong combination and encouraged us to proceed with the merger. During the acquisition process, I realized it is better for us to join forces than to continue independently."

Dazz co-founders.

Dazz’s 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 detected in cloud environments to the source code that caused them, allowing teams to prioritize and quickly remediate issues.

Dazz was founded in 2021 by Merav Bahat (CEO), Tomer Schwartz (CTO), and Yuval Ofir (VP of R&D). All three bring extensive cybersecurity experience: Merav served as Deputy GM of Microsoft Israel Research and Development and led the cloud security business division. Tomer was an early employee at Adallom, founded by the Wiz team, which Microsoft acquired for $320 million, and later co-founded Armis, now valued at $3.4 billion. Yuval was a technology leader in Unit 8200 and VP of R&D at the cybersecurity company Claroty.

Dazz has raised a total of $110 million from prominent investors, including Greylock Partners, Insight Partners, Index Ventures, and Cyberstarts. In July, the company announced a $50 million funding round. Notably, Cyberstarts, led by Gili Raanan, is a shared investor in both Dazz and Wiz.

Dazz’s platform uses automation and artificial intelligence to identify, prioritize, and remediate vulnerabilities in cloud environments. It aggregates millions of alerts from various detection tools, prioritizes critical vulnerabilities, and provides developers with clear, automated instructions to resolve issues — down to the specific line of code. This approach significantly reduces the time required to address vulnerabilities, often from weeks to just 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 real-time cloud attack detection and response. Since its founding, Wiz has raised $1.9 billion, achieved $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 the leading cloud security company.

Wiz was founded by Assaf Rappaport (CEO), Yinon Costica (VP of Product), Ami Luttwak (CTO), and Roy Reznik (VP of R&D). The founding team has worked together for over 20 years, including leading Microsoft’s cloud security group, which acquired their previous startup, Adallom, for $320 million.

“Wiz has always been committed to empowering organizations to genuinely improve their security posture—not just to report on risks, but to prioritize and resolve them,” said Assaf Rappaport, Co-Founder and CEO of Wiz. “Dazz is a powerful addition to Wiz’s mission, bringing an industry-leading solution that’s gained strong market momentum through relentless innovation and AI-driven capabilities. The talented team at Dazz has already collaborated closely with Wiz, and we’re thrilled to deliver this unified offering to our customers, marking a new era in application security and vulnerability management.”