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Based in Palo Alto, California, Dazz provides a unified cloud security remediation platform that utilizes artificial intelligence and automation to help engineering teams identify, prioritize, and resolve vulnerabilities across code, applications, and infrastructure. The enterprise SaaS company has managed 1.2 billion vulnerabilities and resolved 500 million security issues while achieving a 400 percent annual recurring revenue growth rate between fiscal years 2023 and 2024. Its technology currently serves corporate clients across the financial services, healthcare, and technology sectors, including organizations such as BHG Financial and Healthfirst. The business has raised $110 million in total venture capital funding, including a $50 million round in July 2024 backed by lead investors Greylock and Insight Partners, prior to an announced acquisition by Wiz. Dazz was originally founded in late 2021 by co-founder and chief technology officer Tony Schwartz.
Dazz has raised $100.0M across 2 funding rounds.
Dazz has raised $100.0M in total across 2 funding rounds.
Dazz has raised $100.0M across 2 funding rounds. Most recently, it raised $50.0M Series U in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2024 | $50M Series U | — | AllegisCyber Capital, Atlantic Bridge, Conviction Partners, Cowboy Ventures, Cyberstarts VC, Greylock, GSV Acceleration, GSV Ventures, Index Ventures, Insight Partners, Salesforce Ventures, TPY Capital, TWO Bear Capital, Assaf Rappaport, Greg Brockman, Rakesh K. Loonkar | Announced |
| Dec 1, 2021 | $50M Series A | — | AllegisCyber Capital, Atlantic Bridge, Conviction Partners, Cowboy Ventures, Cyberstarts VC, Greylock, GSV Acceleration, GSV Ventures, Index Ventures, Insight Partners, Salesforce Ventures, TPY Capital, TWO Bear Capital, Assaf Rappaport, Greg Brockman, Rakesh K. Loonkar | Announced |
Dazz has raised $100.0M in total across 2 funding rounds.
Dazz's investors include AllegisCyber Capital, Atlantic Bridge, Conviction Partners, Cowboy Ventures, Cyberstarts VC, Greylock, GSV Acceleration, GSV Ventures, Index Ventures, Insight Partners, Salesforce Ventures, TPY Capital.
Dazz is a cloud security startup founded in 2021 that built a unified security remediation platform to help security and development teams identify, prioritize, and fix vulnerabilities in code-to-production pipelines.[1][2] Its core product automates remediation through AI-powered steps like alert aggregation, de-duplication, root cause analysis, one-click code fixes, and recurrence prevention, focusing on Application Security Posture Management (ASPM), Continuous Threat and Exposure Management (CTEM), and DevSecOps practices.[1][2] Dazz served fast-moving DevSecOps teams in cloud environments, solving the problem of alert fatigue and slow remediation by integrating with existing tools for developer-friendly workflows, raising $110M before being acquired by Wiz in November 2024 for approximately $450M.[1][2]
The company demonstrated strong growth momentum, earning recognitions like CRN's 2024 stellar startup security vendor for AI-driven remediation and Cyber Defense Magazine's Infosec Innovator awards for ASPM and cloud security remediation.[2] With 51-200 employees and headquarters shifting between Palo Alto/San Francisco, California, Dazz rapidly scaled to leadership in cybersecurity AI before its acquisition enhanced Wiz's CNAPP offerings.[1][2]
Dazz was founded in 2021 amid surging cloud adoption and DevSecOps needs, emerging from Israel's vibrant cybersecurity ecosystem to tackle fragmented security alerts in development pipelines.[1][2] While specific founders' names are not detailed in available data, the team leveraged expertise in vulnerability management and AI to create a platform that integrates with flaw-detection tools, quickly gaining traction through partnerships like Salt Security for API protection.[2] Pivotal moments included raising $110M in funding, winning 2024 awards for innovative remediation, and the high-profile acquisition by Wiz in late 2024 for ~$450M, just as Wiz eyed its own mega-deal with Alphabet.[1][2]
This rapid ascent—from startup to acquired leader in under four years—highlighted Dazz's timely focus on automating fixes in noisy cloud security environments.[1]
Dazz stood out in the crowded cloud security space through these key strengths:
These features positioned Dazz as a remediation specialist, complementing broader platforms like Wiz's.[1][2]
Dazz rode the explosive growth of cloud-native security, where DevSecOps demands shifted from detection to fast remediation amid rising AI-driven threats and complex infrastructures.[1][2] Timing was ideal post-2021, as enterprises faced alert overload in multi-tool environments, with market forces like CNAPP consolidation (e.g., Wiz's rise) favoring specialized remediation plays.[1][2] By influencing ecosystem standards for AI-automated fixes, Dazz accelerated sustainable cloud security, paving the way for integrated platforms—its Wiz acquisition amplified this, merging ASPM strengths into a unicorn's portfolio just before potential Alphabet synergies.[1][2]
Post-acquisition, Dazz's tech will likely supercharge Wiz's remediation capabilities, expanding into Alphabet's orbit if that $32B deal closes, targeting enterprise-scale cloud security.[1] Trends like AI agents for autonomous fixes and zero-trust pipelines will shape its embedded journey, evolving from standalone innovator to core engine in mega-platforms. This trajectory underscores Dazz's prescient bet on remediation as the next frontier, cementing its legacy in making cloud security developer-native and scalable.
