Wiz hopes to hit $1B in ARR in 2025 before an IPO, after turning down Google’s $23B

Wiz co-founder Roy Reznik told CNBC the company has reached $500M ARR and aims to double to $1B in 2025—a threshold it set for an IPO after declining Google’s reported $23B acquisition offer—while expanding in the U.K. amid a cloud security market exceeding $30B; backed by a recent $1B raise and rapid growth since 2020, Wiz believes it could pursue a record-setting public debut similar to Snowflake’s 2020 IPO.