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Venture Capital News: Gem Security Announces $23 Million in Series A Funding

2023-09-29
NEW YORK, Gem Security, the Cloud Detection and Response (CDR) company, announced $23 million in Series A funding led by GGV Capital.
Gem Security, the Cloud Detection and Response (CDR) company, 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.
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