Amidst industry consolidation, Wiz moves to reinvent cloud threat detection and response for Cyber Defense and Security Operations teams
NEW YORK, NY / ACCESSWIRE / April 10, 2024 / Cloud security leader Wiz has announced the acquisition of New York-based startup Gem Security. With a valuation of $10 billion and $900 million raised to date, Wiz aims to add to its Cloud Native Application Protection Platform (CNAPP) with Gem’s technology. The acquisition advances Wiz’s Cloud Detection and Response (CDR) capabilities, and also demonstrates Wiz’s commitment to consolidation: as organizations push to combat tool sprawl, siloes, and visibility gaps, Wiz is building the world’s go-to platform for protecting everything organizations build and run in the cloud.
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