Wiz vs Databricks: employee equity compared
Secondary market prices, valuation trajectory, equity structure, and liquidity outlook for employees choosing between Wiz and Databricks.
Wiz
Agentless cloud security platform that analyses the entire cloud environment — VMs, containers, serverless, data — in minutes without deploying agents.
IPO plausible 2027–2029 if growth trajectory holds. Secondary indication near primary round valuation. Liquidity may come via tender offer or strategic acquisition before listing.
High NRR cybersecurity; ISO/NSO options; strategic M&A common at scale
Databricks
Data & AI platform — Delta Lake, MLflow, Unity Catalog, plus the Mosaic foundation-model stack.
IPO highly anticipated, likely 2026–2027 given massive scale. One of the most closely watched pre-IPO names in tech.
Sticky enterprise ARR; ISO/NSO options; IPO imminent when ARR > $1B
Key differences for employees
Equity structure
Wiz grants ISO/NSO with strike prices ranging from $32–$48 depending on your grant year. Databricks grants ISO/NSO with strike prices from $85–$110.
Secondary market premium
The secondary market is pricing Wiz at a +17% premium over its last primary round ($12B → $14B). Databricks trades at +0% over its last round ($134B → $134B). A higher secondary premium signals stronger investor demand and potentially better near-term liquidity for employees looking to sell.
Revenue and growth
Wiz runs at $0.5B ARR, growing +100% YoY (very fast). Databricks runs at $5.4B ARR, growing +65% YoY (fast). Revenue growth rate matters for equity because it drives the peer-multiple valuation — the method most correlated with exit multiples.
Liquidity timeline
Wiz: IPO plausible 2027–2029 if growth trajectory holds. Secondary indication near primary round valuation. Liquidity may come via tender offer or strategic acquisition before listing.
Databricks: IPO highly anticipated, likely 2026–2027 given massive scale. One of the most closely watched pre-IPO names in tech.
Calculate your specific grant
Enter your actual shares, equity type, and strike price. PrivatePulse calculates your personal equity value at both companies using 4 independent methods.