Gem Security Announces $23 Million in Series A Funding to Accelerate Momentum in Cloud Detection and Response (CDR), Bringing Total Funding to $34 Million
NEW YORK, Sept. 27, 2023 /PRNewswire/ -- Gem Security, the Cloud Detection and Response (CDR) company, today 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, hot on the heels of Gem's Seed funding round, reflects investor trust based on solid market validation. This round follows the Seed round led by Team8, and brings Gem's total funding to $34 million.
- This oversubscribed Series A, hot on the heels of Gem's Seed funding round, reflects investor trust based on solid market validation.
- This round follows the Seed round led by Team8, and brings Gem's total funding to $34 million.
- "The cloud changes everything for security operations and incident response teams," said Gem Security Co-Founder & CEO Arie Zilberstein.
- Gem Security's holistic approach for Cloud Detection and Response bridges the gap between security operations and cloud complexity.