In today's business world, there are always some projects that shine like bright stars and are amazing. What I want to share with you today is the story of Wiz, one of the fastest growing antivirus software in history.
As an anti-virus software for cloud computing security, Wiz went from 0 to 100 million annual recurring revenue (ARR) in just 18 months. Such rapid development momentum is really staggering. And this is not something the average customer can achieve. Most of its customers are the world's top 500 companies and the top ten in the industry, which is enough to illustrate the strong competitiveness and recognition of its products in the market.
Back in 2020, the Wiz project had just been launched, and the founding team only had seven or eight people. Unfortunately, during this special period, everyone can only work from home and hold up to ten or eight online meetings every day. Frequent meetings even leave product managers scratching their heads. After a month of meetings, there still has been no meeting. Know exactly what to do.
However, after continuous exploration and experimentation, the team finally moved to the field of cloud computing security. Why did you choose this direction? It turns out that many members of the team came from this field. For example, their CEO previously worked at a large cloud computing company and was a leader in security. As one entrepreneurial tycoon said, successful transformation stories tend to move to areas where the team feels comfortable, doing things they are familiar with. It seems that the probability of success is greater.
Today, the Wiz project is developing even more strongly and is expected to reach 500 million ARR this year. And their CEO even made a bold statement, saying that sales will double next year and the target will reach 1 billion. This is such an exciting and ambitious plan. We will wait and see whether Wiz can continue to write its business legend.
I wonder what everyone thinks about the Wiz project? Welcome to leave a message and share in the comment area. I also hope that everyone can move their fingers and share this article so that more people can understand this amazing entrepreneurial story.
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