TLDR:
- Cloud security company Wiz acquired Gem Security, specializing in cloud detection and response.
- Wiz CEO Assaf Rappaport and Gem CEO Arie Zilberstein go way back to their time in the Israeli Defense Forces.
Exclusive: Inside Wiz’s acquisition of Gem Security
Wiz CEO and cofounder, Assaf Rappaport, has shared insights on Wiz’s second-ever acquisition of Gem Security, a cloud threat detection startup. Gem, founded in 2022, focuses on cloud detection and response (CDR) and caught Rappaport’s attention due to high investor interest. The acquisition is a significant milestone for Wiz, marking its transition from a startup to an acquiring entity.
Rappaport and Zilberstein’s connection dates back to their time in the elite cyber division of the Israeli Defense Forces, Unit 8200, over a decade ago. Their shared history and common language facilitated a swift acquisition process. The acquisition marks a strategic move for Wiz as they aim to continue their growth trajectory in the cybersecurity sector.
Looking ahead, Wiz plans to explore more acquisition opportunities in the coming year to enhance their position in the market. The acquisition of Gem represents a significant step in Wiz’s journey towards establishing itself as a key player in cloud security.
