LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align."
Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover.
At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead.
"We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said.
Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.
Persons:
Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz
Organizations:
CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners
Locations:
Tel Aviv, Israel, London