Saturday, February 8, 2025
15.9 C
Los Angeles

FATF Monitoring: Countries Addressing Strategic Deficiencies

Jurisdictions under Increased Monitoring by the FATF Countries...

Former Peruvian President Alejandro Toledo Sentenced to 20+ Years in Odebrecht Bribery Scandal

Former Peruvian President Alejandro Toledo has been...

Ex-Mexican Security Chief Sentenced for Bribery and Aiding Sinaloa Cartel’s Drug Trafficking

Genaro Garcia Luna, Mexico's former Secretary of...

Israeli Startup Gem Security Secures $23M in Series A Funding to Enhance Cloud Threat Detection and Incident Response

AI/MLIsraeli Startup Gem Security Secures $23M in Series A Funding to Enhance Cloud Threat Detection and Incident Response

Gem Security, an Israeli startup with operations in New York, has recently secured $23 million in venture capital funding in a Series A round. This round was led by GGV Capital, and it featured participation from notable investors such as Team8 (which had previously invested in Gem Security’s seed round), IBM Ventures, and Silicon Valley CISO Investments (SVCI).

Gem Security specializes in the field of cloud threat detection and incident response. The company offers an advanced platform that leverages multi-cloud native telemetry, covering services from providers like AWS, GCP, Azure, and Kubernetes. Additionally, it integrates data from various external security tools and platforms, including GitHub, to provide comprehensive visibility and actionable security recommendations.

With this new funding, Gem Security plans to further enhance its offerings aimed at assisting organizations with cloud asset discovery, threat detection, and incident response. This funding comes at an opportune time, as the company has been on a growth trajectory since its inception in February 2023, reporting an increase in annual recurring revenue (ARR). Gem Security’s solutions have been deployed in various sectors, including financial services, healthcare, manufacturing, energy, and information technology.

The company distinguishes itself by addressing what it sees as gaps in the current market. While there are existing products for threat detection and response, Gem Security believes that most of these legacy methods are inadequate for the demands of the cloud era. According to the company, modern organizations are constantly dealing with the challenges of preparing for, detecting, investigating, and responding to potential threats to their cloud data.

The CEO of Gem Security emphasizes the company’s mission, stating, “In today’s fast-paced digital world, ensuring robust cloud security is paramount. Our platform is tailored to bridge the gaps left by legacy systems, offering real-time solutions for a cloud-first world.”

It’s worth noting that prior to this Series A investment, Gem Security had already raised a significant amount of funding, which has strengthened its financial position and allowed it to make significant strides in its industry.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles