Monday, April 22, 2024
HomeFinanceGem Security Raises $23 Million

Gem Security Raises $23 Million

Gem Security, an Israeli cybersecurity firm, recently announced a $23 million Series A funding round, led by GGV Capital. This brings the total investments in the company to $34 million since its inception in 2022. Gem Security specializes in protecting cloud environments against cyber-attacks, particularly focusing on real-time security for cloud-based applications. Unlike traditional cloud security tools, which are often static and don’t provide real-time solutions, Gem aims to fill this gap.

The company’s CEO, Arieh Zilbershtein, explained that most existing cloud security companies focus on identifying flawed settings and configurations, rather than real-time threat detection and response. Gem’s platform provides real-time monitoring and analysis of behaviors in the cloud environment. If an alert is triggered, the platform enables automated investigation, quickly assembling the available information and offering immediate response options to prevent significant damage.

Founded by Arieh Zilbershtein, CTO Ron Konigsberg, and VP of Product Ophir Brokner, all of whom met during their service in Israel’s Unit 8200, Gem Security employs over 30 people in offices in Tel Aviv and New York. The company has a diverse clientele that includes companies in the fields of finance, energy, healthcare, technology, and retail, such as Repsol, Allan Gray, OpenWeb, Kaltura, and Thirty Madison.

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