Gem Safety Lands $23 Million Sequence A Funding – Supply:

Gem Safety, an Israeli startup with operations in New York, has attracted $23 million in enterprise capital funding to construct and market know-how within the aggressive cloud risk detection and incident response house.

The Tel Aviv firm stated the $23 million Sequence A was led by GGV Capital. Team8, which led Gem Safety’s seed funding, additionally took an fairness place alongside IBM Ventures and Silicon Valley CISO Investments (SVCI).

Since popping out of stealth seven months in the past, Gem Safety has raised a complete of $34 million to construct tooling to assist organizations with cloud asset discovery, risk detection and incident response.

Gem Safety is promoting a platform that ingests multi-cloud native telemetry (AWS, GCP, Azure, Kubernetes), knowledge from exterior safety instruments, and context from exterior platforms like GitHub to supply full visibility and safety suggestions.

Since its launch in February 2023Gem Safety stated it has scaled ARR by serving to safe cloud operations for dozens of worldwide organizations in monetary companies, healthcare, manufacturing, power, and data know-how.

Whereas there is no such thing as a scarcity of merchandise for detection and response, Gem Safety is arguing that legacy approaches fall wanting offering tooling for the cloud period. As we speak, the corporate says organizations should work repeatedly on preparation, detection, investigation and response to cloud knowledge threats.

Associated: Gem Security Lands Seed Financing for Cloud Security Tech

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Date: 2023-09-27 10:46:05

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Alina A, Toronto
Alina A, Toronto
Alina A, an UofT graduate & Google Certified Cyber Security analyst, currently based in Toronto, Canada. She is passionate for Research and to write about Cyber-security related issues, trends and concerns in an emerging digital world.


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