Wiz, the cloud security startup, has reached $500 million in annual recurring revenue (ARR) and plans to double that by 2025, setting the stage for an IPO. Co-founder Roy Reznik confirmed that achieving $1 billion in ARR is essential before going public, following their decision to decline Google's $23 billion acquisition offer. Wiz has shown impressive growth, claiming to be the fastest to $100 million ARR within 18 months of launching. With a recent $1 billion funding round, the company continues to expand, including opening an office in London.