Gem Security, a NY-based Cloud Detection and Response (CDR) company, raised $23m in Series A funding.
The round, which brought total funding to $34m, was led by GGV Capital and joined by IBM Ventures, Silicon Valley CISO Investments (SVCI), an array of notable angel investors, and existing investor Team8.
The company intends to use the funds to expand operations and its development efforts.
Founded by CEO Arie Zilberstein, CTO Ron Konigsberg, and VP Product Ofir Brukner, Gem Security provides a Cloud Detection and Response platform that shortens the time to detect, investigate, and contain cloud-native threats before it’s late. Moreover, it centralizes real-time visibility into multi-cloud environments, as well as provides cloud-native forensics and automated incident timelining to understand the root causes of a cloud breach.
Gem Security supports all major infrastructure platforms (AWS, Azure, Google Cloud and Kubernetes), and has collaborated with the AWS and Azure teams to identify and fix vulnerabilities, improving security for millions of users. The platform integrates with existing security tools and workflows (SIEM/SOAR, CSPM, etc.), as well as leading platforms like identity providers, ticketing, source code repositories and secrets managers, leveraging the additional data for context analysis too.
Since launching in early 2023, the company has scaled ARR by helping secure cloud operations for dozens of global organizations in diverse verticals including financial services, healthcare, manufacturing, energy, and information technology.
FinSMEs
27/09/2023