Wiz Acquires Gem Security to Reinvent Cloud Threat Detection and Response

Wiz, a leader in cloud security, has announced its acquisition of New York-based startup Gem Security in a move that broadens its Cloud Native Application Protection Platform (CNAPP). This acquisition emphasizes Wiz's commitment to further expand its Cloud Detection and Response (CDR) capabilities in the rapidly evolving cyber defense landscape. Gem Security, recognized for its innovative approach to cloud threat detection and response, will now become part of Wiz's mission to consolidate and enhance cloud security solutions.

Founded in 2022, Gem Security introduced a real-time CDR solution improving the efficiency of investigating and mitigating cloud-native threats. Unlike traditional, static solutions, Gem's technology offers centralized, real-time visibility across multi-cloud environments. This approach not only accelerates the identification and containment of cloud breaches but also simplifies understanding their root causes. With $34 million in funding, Gem's founders and team will join Wiz, signaling a significant step towards Wiz's ambitious plans, including a potential Wall Street IPO.

Wiz's acquisition of Gem follows its acquisition of Raftt, marking Wiz's ongoing strategy to solidify its position in the cloud security market. With a valuation of $10 billion and a rapidly growing customer base, including over 40% of the Fortune 100, Wiz is targeting $1 billion in revenue ahead of its anticipated IPO. This latest acquisition underscores the industry's need for consolidated, dynamic cloud security platforms capable of adapting to the expanding and diversifying threats in digital environments.