This acquisition, announced on November 21, 2024, is expected to enhance Wiz's security posture by integrating Dazz's automated security remediation platform into its existing offerings.

Wiz aims to empower organizations by effectively prioritizing and resolving security risks, and the addition of Dazz is anticipated to strengthen its market position.

Wiz and Dazz have a longstanding partnership, with both companies' founders having previous connections at Microsoft, which facilitated this acquisition.

Dazz focuses on remediation and posture management, helping organizations address vulnerabilities and understand their network security needs.

The integration of Dazz's technology will allow Wiz to consolidate data from various sources, enhancing its risk management capabilities within a unified platform.

Wiz CEO Assaf Rappaport emphasized that the acquisition has the potential to 'reinvent' application security posture management and improve remediation processes.

Following the acquisition, Dazz will operate as a separate entity while being integrated into Wiz's broader product offerings, aiming to create a cohesive security technology stack.

Wiz, a prominent cloud security provider, has acquired Israeli startup Dazz for an estimated $450 million, primarily in cash.

Dazz, founded in 2021, has raised around $110 million from notable investors and recently secured a $50 million funding round to further develop its AI-driven solutions.

Dazz's platform automates the identification and remediation of security vulnerabilities in cloud environments, significantly reducing resolution time from weeks to hours.

This acquisition marks Wiz's largest to date and is part of its strategy to allocate $1 billion for mergers and acquisitions this year.

Notably, this deal comes after Wiz turned down a $23 billion acquisition offer from Google, indicating its ambition for independent growth.