Gem Security – a Cloud Detection and Response (CDR) company – recently announced $23 million in Series A funding led by GGV Capital and joined by IBM Ventures, Silicon Valley CISO Investments (SVCI), an array of notable angel investors, and existing investor Team8. This oversubscribed Series A funding round – which is hot on the heels of Gem’s Seed funding round, reflects investor trust based on solid market validation. This funding round follows the seed round led by Team8 and brought Gem’s total funding to $34 million.
The adoption of cloud infrastructure is rapidly increasing and diversifying the attack surface for organizations. And organizations now maintain an average of 65% of their infrastructure in the cloud with 72% leveraging multi-cloud. This new environment poses unprecedented threats and complexity, requiring novel approaches.
Since launching earlier this year, Gem Security has dramatically scaled ARR by helping secure cloud operations for dozens of global organizations in diverse verticals including financial services, healthcare, manufacturing, energy, and information technology.
As legacy approaches to detection and response have existed for some time, these traditional approaches fall short of solving the problem in the cloud era. And the proliferation of cloud services across infrastructure, platforms, and software has fragmented the security landscape. Without tooling, security operations teams still struggle to manually collect and correlate the explosion of associated telemetry.
Gem Security offers a purpose-built Cloud Detection and Response (CDR) platform that significantly shortens the time to detect, investigate, and contain cloud-native threats before it’s too late. And it centralizes real-time visibility into multi-cloud environments and provides cloud-native forensics and automated incident timelining to understand the root causes of a cloud breach.
The company not only supports all major infrastructure platforms (AWS, Azure, Google Cloud and Kubernetes), but has also successfully collaborated with the AWS and Azure teams to identify and fix vulnerabilities, improving security for millions of users. And Gem’s platform easily integrates with existing security tools and workflows (SIEM/SOAR, CSPM, etc.), and leading platforms like identity providers, ticketing, source code repositories, and secrets managers, leveraging the additional data for context analysis too.
Gem Security’s holistic approach for Cloud Detection and Response bridges the gap between security operations and cloud complexity. And the Gem team has years of experience as incident responders working on some of the most sophisticated cloud attacks in the world. These lessons were built directly into Gem’s comprehensive platform and workflows, enabling organizations to prepare, detect, investigate, and respond effectively.
KEY QUOTES:
“The cloud changes everything for security operations and incident response teams. Traditional detection and response approaches weren’t designed to address the dynamic and complex nature of multi-cloud environments, and cloud expertise is in short supply.”
“Gem is redefining security operations for the cloud era, empowering teams with a simple, automated, and efficient approach that allows organizations to respond faster and minimize the impact of attacks in the cloud. Over the past year, we have earned the trust of our customers and partners and together we’ll keep enabling cloud transformation while minimizing risk.”
- Gem Security Co-Founder & CEO Arie Zilberstein
“With the shift to the cloud, the security operations model needs to evolve. Security teams don’t reliably know when they are being attacked, let alone why or how those attacks are occurring. Gem has built a unique platform that allows CISOs and their teams to prepare, detect, respond, and remediate cloud security attacks – with context and fast.”
- Oren Yunger, Managing Partner at GGV Capital
