Wiz hits $350 million in ARR, plans to add 400 employees in 2024

Wiz hits $350 million in ARR, plans to add 400 employees in 2024. The cloud security unicorn also announced the appointment of Dali Rajic, former President and COO of Zscaler, as its President and Chief Operating Officer. “We are eager to reach the future milestone of $1 billion as we look toward an IPO,” said Assaf Rappaport, CEO & co-founder of Wiz.

Verbit appoints Yair Amsterdam as Acting CEO in place of Tom Livne. Livne has decided to step down as CEO and will take the role of Chairman Emeritus of the Board of Directors.

Crypto mobile payment app Oobit raises $25 million Series A. The Israeli-founded startup allows crypto holders to tap and pay at more than 100 million retailers globally where Visa and Mastercard are accepted, while merchants receive fiat currency.

High-tech workers comprise 20% of IDF reserves, double their share in general population. A report published by the Finance Ministry on army reservists absent from work as of December shows that high-tech workers are disproportionately represented in reserve units, and that reservists tend to have higher salaries than the national average.

Big Tech continues to soar as GenAI convinces Wall Street to reject overpricing predictions. Around 80% of the S&P 500 who have reported their earnings for Q4 of 2023 have exceeded expectations. Notably, reports from major companies such as Meta, Microsoft, and Amazon, which make up a significant portion of the index's growth, indicate a profound impact from the use of Generative AI.