Gem

Cloud Security Detection and Response Platform

Cyber Security
Acquired (Inactive) by Wiz on Mar 2024 - closed due to acquisition

Company Overview

Snapshot

Founded in May 2022 by Arie Zilberstein, Ron Konigsberg, and Ofir Brukner, Gem operates with 11–50 employees. The company raised $34 million across two funding rounds from six investors. In March 2024, Gem was acquired by Wiz.

Business overview

Gem is a Cyber Security company focused on helping security operations adapt to the cloud era by providing a centralized platform for Cloud Threat Detection, Investigation, and Response (Cloud TDIR). Its core technology enables real-time threat detection, investigation, and response, aiming to prevent cloud threats from escalating into incidents. Gem serves various markets and industries by offering solutions for incident response readiness and out-of-the-box threat detection, allowing organizations to manage cloud security with confidence.

Strategic signal

The acquisition of Gem by Wiz in March 2024 for $350 million signals a significant consolidation within the cloud security market. This move indicates a strategic effort by larger players like Wiz to integrate specialized cloud security detection and response capabilities, reinforcing the importance of comprehensive cloud-native security solutions for investors and innovation teams.

Company Intelligence Q&A

What was a significant corporate milestone for Gem?
In March 2024, Gem was acquired by Wiz, a major development that led to its current status as an inactive entity.
When did Gem secure its Series A funding round?
Gem secured its Series A funding round in September 2023. Notable Capital led this round, with participation from Cisco Investments.
Who founded Gem and when?
Gem was founded in May 2022 by Arie Zilberstein, Ron Konigsberg, and Ofir Brukner.
What was Gem's initial funding round?
Gem received Seed funding in February 2023, with Team8 participating as a lead investor.
What is Gem's primary focus in the cybersecurity market?
Gem focuses on Cloud Security Detection and Response, aiming to help security operations evolve for the cloud era and stop cloud threats before they become incidents.

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