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Wiz Kicks Off “Year of Acquisitions,” Acquiring Gem Security for $350M

These are exciting times for the security industry – in March 2024, Assaf Rappaport, founder and CEO of the world’s fastest-growing startup Wiz, announced “the year of acquisitions,” aligning with the industry’s push towards consolidation – after the company has acquired developers collaboration platform Raftt.

In an interview on Bloomberg TV, Assaf discussed the ever-changing state of cybersecurity, the market opportunities in both cloud and AI, and the company’s ambitious growth plans for the future.

Shortly after, the company announced the acquisition of Gem Security for $350 million, marked by a Fortune exclusive mini-feature and dozens of news stories published around the globe. These articles explored Gem’s technological offering and Wiz’s overarching vision of creating a platform that caters to a wide range of needs.

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