Some context: they raised $600M total, including a $100M series A in December of 2020. Which is mind-boggling since, if there “18 month” timer is true, They raised $100M with no revenue and no growth numbers or retention numbers.
I’m not sure when they started their “18 months” timer, but this seems disingenuous to compare to other companies.
ARR is a forward looking number, so more accurately, they’re claiming to be the first software company to ever reach $100m / 12 = ~$8m/month in recurring revenue commitments from today (their 18th month).
I don’t know if their claim to be first is true or false (or even if it matters at all) but it feels a little unbelievable that no company has ever reached this milestone before — surely there’s a few companies that have reached $8m/m within their first 18 months?
Funny, I haven't heard of this tool. Looks a lot like evident.io from back in the day, perhaps a bit simpler version--and they had a pretty decent outcome I'd say!
> Particularly at the time, a few years ago when everybody was moving to the cloud, the cloud area was just a huge blindspot for businesses. They thought that cloud providers were providing all the security they needed, but that’s simply not the case. Visibility is the key word here for understanding just how big this problem was.
Everybody is still moving to the cloud, and visibility is only part of the problem. Most businesses only care about security if they are forced to - i.e. when they need to get SOC certified to work with some corp.
I’m not sure when they started their “18 months” timer, but this seems disingenuous to compare to other companies.
https://www.crunchbase.com/organization/wiz-inc