Cybersecurity firm Wiz aims to achieve $1 billion in annual recurring revenue by 2025, according to co-founder Roy Reznik. Wiz offers cloud risk assessment software, helping organizations secure data on cloud platforms. Wiz rejected a $23-billion acquisition bid from Google to remain independent. With $1.9 billion raised in venture capital, Wiz achieved $500 million in ARR this year and is focused on expanding, particularly in Europe. CEO Assaf Rappaport cites $1 billion in ARR as a key milestone before an IPO.