Wiz, Inc.
Company History
Wiz History: Founding, Growth & Key Milestones
Founded 2020 in Tel Aviv, Israel
When was Wiz founded?
Wiz was founded in 2020 in Tel Aviv, Israel by Assaf Rappaport, Yinon Costica, Ami Luttwak and Roy Reznik, making it 6 years old.
- Founded
- 2020
- Founding place
- Tel Aviv, Israel
- Founders
- Assaf Rappaport, Yinon Costica, Ami Luttwak and Roy Reznik
- Headquarters today
- New York, New York, United States
- Milestones documented
- 7 (2020–2026)
- Current CEO
- Assaf Rappaport
- Acquisitions
- 3
| Year | Event |
|---|---|
| 2020 | Founding and Series A |
| 2021 | Series B and C |
| 2023 | Series D |
| 2023 | Acquired Raftt |
| 2024 | Series E, acquisitions, and declined Google offer |
| 2025 | Alphabet agreement and U.S. clearance |
| 2026 | EU approval and closing |
- Where was Wiz founded?
- Wiz was founded in Tel Aviv, Israel in 2020.
- Who founded Wiz?
- Wiz was founded by Assaf Rappaport, Yinon Costica, Ami Luttwak and Roy Reznik.
- When did Wiz start?
- Wiz was founded in 2020.
- How old is Wiz?
- Wiz is 6 years old as of 2026.
Founding Story
Assaf Rappaport, Yinon Costica, Roy Reznik, and Ami Luttwak co-founded Adallom, a cloud access security company, which Microsoft acquired in 2015. The four then worked at Microsoft, where Rappaport led the company's Israel R&D center. They left in 2020 and founded Wiz in January of that year, betting that companies moving to public clouds needed a way to see their security risk without deploying agents on every server. Wiz came out of stealth in December 2020 with a $100 million Series A from Index Ventures, Sequoia Capital, Insight Partners, and Cyberstarts.
Founders
Assaf Rappaport
Assaf Rappaport is co-founder and CEO of Wiz. He led the company's fundraising from its $100 million Series A in 2020 to its $1 billion round at a $12 billion valuation in 2024, declined Google's $23 billion offer in July 2024, and then agreed to the $32 billion sale to Alphabet in March 2025. He continues to lead Wiz within Google Cloud after the deal closed in March 2026. Assaf Rappaport was born in 1983.
Yinon Costica
Yinon Costica co-founded Wiz in 2020. Having served extensively in the elite Unit 8200 of the Israeli Defense Forces, he brought absolutely unparalleled expertise in nation-state level cyber threats. He previously co-founded Adallom (sold to Microsoft) and played a massive role in designing Wiz's incredibly simple, agentless cloud scanning architecture. (Exact birth year remains publicly undisclosed).
Ami Luttwak
Ami Luttwak co-founded Wiz in 2020. As the absolutely critical technical genius (also a Unit 8200 veteran), he built the core engineering engine capable of plugging directly into massive AWS and Azure APIs to instantly find zero-day vulnerabilities without requiring companies to install terrible, slow agents on their servers. (Exact birth year remains publicly undisclosed).
Roy Reznik
Roy Reznik co-founded Wiz in 2020. He managed the incredibly complex, massive backend scaling required to analyze billions of cloud configuration files across massive Fortune 500 networks in real-time, completely revolutionizing how quickly enterprises could detect catastrophic misconfigurations. (Exact birth year remains publicly undisclosed).
Key Milestones
Founding and Series A
Founded in January; raised a $100 million Series A in December.
Source: en.wikipedia.orgSeries B and C
Raised $250 million across a Series B at a $1.7 billion valuation, then $250 million in October at a $6 billion valuation.
Source: en.wikipedia.orgSeries E, acquisitions, and declined Google offer
Raised $1 billion at $12 billion in May, bought Gem Security and Dazz, and declined Google's $23 billion offer in July.
Source: en.wikipedia.orgAlphabet agreement and U.S. clearance
Agreed to a $32 billion sale to Alphabet in March; the deal cleared U.S. antitrust review in November.
Source: techcrunch.comEU approval and closing
European Commission approved the deal unconditionally in February; it closed on March 11.
Source: securityweek.comMajor Acquisitions
Raftt
2023Added a cloud-based developer collaboration platform to strengthen developer-focused security.
Gem Security
2024Added cloud detection and response capabilities.
Dazz
2024Added security remediation and risk management.
Keep researching Wiz
Wiz Company History FAQ
When and where was Wiz founded?
Wiz was founded in January 2020 in Tel Aviv, Israel, by cybersecurity veterans Assaf Rappaport, Yinon Costica, Ami Luttwak, and Roy Reznik, establishing corporate headquarters in New York City.
What was the founders' previous company before Wiz?
The four co-founders previously created cloud access security broker Adallom in 2012, which Microsoft acquired in 2015 for $320 million, after which they led Microsoft's cloud security and Israeli R&D operations.
How quickly did Wiz reach $100 million in annual recurring revenue (ARR)?
Wiz achieved $100 million in ARR in just 18 months from launching its product, making it the fastest software company to reach that milestone in venture capital history.
When did Wiz surpass $1 billion in ARR?
Wiz crossed the $1 billion ARR run-rate milestone in 2025, driven by massive multi-cloud enterprise deployments across Fortune 100 corporations.
What was the valuation of Wiz's Series E funding round in May 2024?
In May 2024, Wiz raised $1 billion in a Series E funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, valuing the company at $12 billion.
What happened during Alphabet's $23 billion acquisition talks with Wiz?
In July 2024, Alphabet (Google) entered advanced negotiations to acquire Wiz for $23 billion in all-cash; however, CEO Assaf Rappaport and the board walked away to pursue an independent Initial Public Offering (IPO).
What makes Wiz's core architecture unique in cybersecurity?
Wiz pioneered agentless cloud security, connecting via read-only cloud APIs in under 15 minutes to inspect virtual machines, containers, and serverless code without installing burdensome software agents.
What percentage of the Fortune 100 uses Wiz?
Over 40% of the Fortune 100 and hundreds of top enterprises (including Morgan Stanley, Salesforce, BMW, and LVMH) rely on Wiz to secure their cloud environments.
Related Companies
Compare Wiz, Inc. History With Competitors
Related Strategic History
Compare founding milestones and corporate evolution
Explore Wiz
Core profile pages, founders and related research hubs for this company.