Gem Security
2024
$350M
Why
Added cloud detection and response capabilities.
Impact
Technology base for Wiz Defend.
Outcome
Completed in April 2024 for about $350 million.
Wiz, Inc.
Cloud SecurityFounded 2020- HQ today: New York, New York, United States
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Wiz Acquisitions
3
Major Deals Covered
$850M
Disclosed Deal Value
What are Wiz's biggest acquisitions?
Wiz's largest disclosed acquisition here is Dazz for $450M in 2024. This page covers 3 major deals from 2023 to 2024, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- Largest deal
- Dazz ($450M)
- First deal
- 2023
- Most recent
- 2024
| Company | Year | Price | Purpose |
|---|---|---|---|
| Raftt | 2023 | $50.0M | Added a cloud-based developer collaboration platform to strengthen developer-focused security. |
| Gem Security | 2024 | $350.0M | Added cloud detection and response capabilities. |
| Dazz | 2024 | $450.0M | Added security remediation and risk management. |
- What companies has Wiz bought?
- Major acquisitions by Wiz documented here include Dazz (2024), Gem Security (2024) and Raftt (2023).
- What is Wiz's most recent acquisition?
- The most recent Wiz acquisition documented here is Gem Security, in 2024, for $350M.
Dazz
2024
$450M
Why
Added security remediation and risk management.
Impact
Expanded Wiz from finding risks to helping teams fix them.
Outcome
Announced in November 2024 in a cash-and-stock deal valued at about $450 million.
Raftt
2023
$50M
Why
Added a cloud-based developer collaboration platform to strengthen developer-focused security.
Impact
Supported Wiz's move into code and development-environment security.
Outcome
Agreed in December 2023 for about $50 million.
Wiz, Inc.'s Growth & Acquisition Strategy
Wiz has grown by expanding from cloud posture management into adjacent products: code and pipeline scanning, runtime sensors, cloud detection and response, and AI security posture management. It bought companies to speed this up, including Raftt (2023), Gem Security (2024), and Dazz (2024). Since the acquisition, its growth plan centers on selling through Google Cloud's enterprise channels while keeping its own brand and multi-cloud coverage.
How Wiz, Inc. Makes Money
Wiz sells its platform as annual software subscriptions to enterprises and public-sector organizations. Pricing is tied to the size of the cloud estate being protected, such as the number of workloads, and customers can add modules for code scanning (Wiz Code), cloud detection and response (Wiz Defend), and runtime protection. Contracts are sold directly and through the cloud marketplaces of AWS, Microsoft Azure, and Google Cloud. Since March 2026 Wiz's results are reported within Alphabet's Google Cloud segment rather than separately.
Wiz Acquisitions FAQ
What was Wiz's landmark acquisition of Gem Security in 2024?
In April 2024, Wiz acquired cloud detection and response (CDR) pioneer Gem Security for $350 million in all-cash, adding real-time threat investigation and automated incident response to its scanning suite.
Why did Wiz acquire Raftt in December 2023?
Wiz acquired cloud-native developer collaboration startup Raftt to integrate security testing directly into local container environments, accelerating its 'shift-left' developer security roadmap.
How does Wiz approach mergers and acquisitions (M&A)?
Wiz uses M&A aggressively to consolidate the fragmented cloud security sector, acquiring best-of-breed startups with exceptional engineering teams to rapidly add new capabilities rather than building everything from scratch.
What technology did Gem Security add to Wiz's platform?
Gem Security brought real-time runtime threat monitoring, automated cloud forensic analysis, and instant telemetry analysis across AWS, Azure, Google Cloud, and Kubernetes clusters.
Did Wiz explore acquiring vulnerability remediation firm Dazz?
Wiz engaged in advanced discussions to acquire automated remediation startup Dazz in 2024 to bolster its code-to-cloud security fix automation capabilities.
How does Wiz fund its multi-hundred-million-dollar acquisitions?
With over $1.9 billion in venture capital raised and substantial cash reserves, Wiz funds strategic acquisitions primarily through cash and highly valued equity shares.
How does Wiz integrate acquired engineering teams?
Wiz rapidly integrates acquired codebases natively into the unified Wiz Security Graph, avoiding disconnected multi-tab interfaces that plague legacy cybersecurity conglomerates.
What future acquisition targets is Wiz evaluating?
Wiz actively evaluates M&A targets in artificial intelligence model protection, automated code remediation, identity governance, and runtime container security.
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