Dazz

Cloud Security Remediation Platform

Cyber Security
Acquired (Inactive) by Wiz on Nov 2024 - closed due to acquisition

Company Overview

Snapshot

Founded in September 2020 by Merav Bahat, Tomer Schwartz, and Yuval Ofir, Dazz operates with 51–200 employees. The company secured $110 million across 3 funding rounds from 5 investors, with Greylock participating as a lead investor. In November 2024, Dazz was acquired by Wiz.

Business overview

Dazz specializes in cloud security, addressing vulnerabilities and mitigating risks within cloud development environments. The company's core product automates the remediation of security vulnerabilities by identifying the appropriate personnel to resolve issues and outlining necessary actions. While some repairs are automated, the platform also supports scenarios where manual intervention is more suitable. Dazz operates within the Cyber Security sector, serving markets in the United States and Israel.

Strategic signal

In November 2024, Dazz was acquired by Wiz for $450 million, a move that significantly strengthens Wiz's AI-driven cloud security capabilities. This acquisition signals a consolidation trend in the cybersecurity market, where established players are integrating innovative AI-powered solutions to enhance their offerings and address the growing complexity of cloud security threats. For investors, this highlights the strategic value of specialized cloud security remediation platforms and the potential for significant exits in this domain.

Company Intelligence Q&A

What was a significant recent corporate development for Dazz?
In November 2024, Dazz was acquired by Wiz for $450 million. This acquisition aimed to strengthen Wiz's AI-driven cloud security offerings.
What was Dazz's most recent funding activity?
In July 2024, Dazz raised $50 million to accelerate its AI-powered cloud security remediation efforts. Greylock led this round, with participation from Insight Partners and Index Ventures
When did Dazz appoint a new Chief Revenue Officer?
In February 2024, Dazz appointed Jared Phipps as its Chief Revenue Officer.
What was a key partnership announced by Dazz?
In October 2024, Salt Security and Dazz announced a partnership focused on API security, combining their capabilities to offer a more robust solution.
What industry recognition did Dazz receive in 2024?
In May 2024, Dazz was named a winner of the Global InfoSec Award during the RSA Conference 2024.

External links