Gem Security Ltd.

Gem Security Ltd. is an Israel-based firm specializing in advanced cloud security solutions. The company focuses on providing robust protection for organizations' cloud environments against an array of cyber threats. Founded in 2022 in New York, US, Gem Security Ltd.

offers cutting-edge cloud security solutions. Co-founded by Ofir Brukner and Ron Konigsberg, Gem Security has engaged in 4 investment deals. Its latest funding round, an Add-on Trade Sale, occurred on March 13, 2024, raising USD 350. 000 mn from Wiz, Inc.

, bringing the total raised to USD 23. 000 mn. Gem Security Ltd. delivers a suite of cloud security products designed to safeguard cloud environments through enhanced threat detection and risk management.

They focus on integrating code, cloud, and runtime security into a unified platform, enabling effective risk reduction and threat response. Their acquisition by Wiz enhances their capabilities in Cloud Detection and Response (CDR), catering to a diverse range of clients including over 50% of Fortune 100 companies. Gem Security Ltd. primarily generates revenue via a subscription-based model for their cloud security services.

These subscriptions offer tiered access to their flagship products, such as the Cloud Native Application Protection Platform and CDR, accommodating various client needs from enterprise-level security measures to smaller organizations. Gem Security Ltd. aims to expand its product offerings and geographical reach following its recent acquisition by Wiz Inc. in April 2024 for USD 350 million.

The focus will be on developing advanced technology through the integration of Gem Security's capabilities into Wiz's existing platform, with plans for launching new products designed to enhance cloud protection, targeting expansion into North American, European, and Asia-Pacific markets.