Wiz in the news, and going off in Vendr's marketplace. Today, Vendr transacts ~1% of Wiz’s total revenue. Wiz provides two tiers — Essential and Advanced. ~80% of Vendr buyers choose Advanced. Vendr buyers, mainly from the mid-market, spend about $138k ACV with Wiz, which ranks among the top 10 ACVs on Vendr — comparable in transaction size to Databricks, OpenAI, and Datadog. Mission critical platforms demand higher ACVs. And momentum... Wiz now represents 44% of the GMV in the Cloud Security subcategory on Vendr, a substantial increase from just 10% last year. Makes sense why Google wanted to take a shot at them.
Mike Earnest 👀 Congrats on the momentum with Vendr buyers
I’m guessing the crowd strike event had something to do with this decision
Dang just throwing Wix's numbers out there for all the public to know
Ryan, it's impressive to see Wiz's growth in Vendr's marketplace! What's next for Vendr in this evolving market?
🇮🇱❤️🚀🚀
Fascinating Ryan Neu I didn’t know that
Reading this while taking a Wiz. Thank you Ryan Mew!
engineering leader | advisor
5moInteresting insight, Ryan and Vendr is in a good position to provide industry benchmarks on contracting. Would love something similar on other vendors like Datadog, Databricks, Snowflake, Cloudflare.