Gem

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 2 funding rounds from 6 investors. In March 2024, Gem was acquired by Wiz.

Business overview

Gem is a Cyber Security company focused on enabling security operations to adapt to the cloud era and prevent cloud threats. The company provides a centralized platform for Cloud Threat Detection, Investigation, and Response (Cloud TDIR), offering incident response readiness and real-time threat detection. Gem's technology aims to provide a realistic approach to cloud security, serving the Cyber Security sector.

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 validation of Gem's Cloud TDIR platform and its mission to evolve security operations for cloud environments. For investors, this highlights the increasing value placed on specialized cloud security solutions and the potential for strategic exits within the sector.

Company Intelligence Q&A

What was a significant recent corporate development for Gem?

In March 2024, Gem was acquired by Wiz for $350 million, leading 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.

When was Gem's Seed 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, providing a platform for Cloud Threat Detection, Investigation, and Response (Cloud TDIR) to help organizations manage and mitigate cloud-native threats.

What is the employee count for Gem?

Gem operates with 11–50 employees.