NEW YORK — Gem Security, a Cloud Detection and Response (CDR) company, has secured $23 million in Series A funding led by GGV Capital and joined by IBM Ventures, Silicon Valley CISO Investments (SVCI), an array of angel investors, and existing investor Team8. This oversubscribed Series A is hot on the heels of Gem’s Seed funding round led by Team8, and brings Gem’s total funding to $34 million.
The adoption of cloud infrastructure is rapidly increasing and diversifying the attack surface for organizations. In fact, organizations today maintain, on average, 65% of their infrastructure in the cloud, with 72% leveraging multi-cloud. This new environment poses unprecedented threats and complexity, requiring novel approaches. As research firm Gartner notes, “Modern malware and data breaches in cloud environments are often fileless and operate either solely in memory without leaving any trace on disk, or via APIs or integrated SaaS offerings, making it increasingly difficult or impossible to properly investigate with traditional forensic methods and tooling.”
While legacy approaches to detection and response have existed for some time, these traditional approaches fall short of solving the problem in the cloud era. The proliferation of cloud services across infrastructure, platforms, and software has fragmented the security landscape. Without tooling, security operations teams today struggle to manually collect and correlate the explosion of associated telemetry.
Gem Security delivers 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. Moreover, it centralizes real-time visibility into multi-cloud environments, as well as provides cloud-native forensics and automated incident timelining to understand the root causes of a cloud breach.
Gem Security 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. Gem’s platform easily integrates with existing security tools and workflows (SIEM/SOAR, CSPM, etc.), as well as leading platforms like identity providers, ticketing, source code repositories and secrets managers, leveraging the additional data for context analysis too.
“The cloud changes everything for security operations and incident response teams,” said Gem Security Co-Founder & CEO Arie Zilberstein. “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.”
