Israeli cloud security decacorn Wiz has announced the acquisition of fellow Israeli startup Gem Security. The valuation of the deal was not disclosed, but is estimated at $350 million in cash. 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 negotiations between the companies were revealed last month. Full list of Israeli startup M&As in 2024 Founded in 2022, Gem developed a... Read this story
