LayerX Security, a Tel Aviv, Israel-based provider of a security platform, raised $26M in Series A funding.
The round, which brought total investment to $34M, was led by Glilot+, with participation from Dell Technologies Capital and other investors. Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board.
The company intends to use the funds to expand operations and its global market presence.
Founded in 2022 by Or Eshed, CEO, and David Weisbrot, CTO, LayerX provides an Enterprise Browser Extension that integrates with any browser, turning it into a secure and manageable workspace, with no impact on the user experience. Enterprises use LayerX to secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks that endpoint and network solutions can’t protect against. Those include data leakage over the web, SaaS apps and GenAI Tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more.
LayerX’s Enterprise Browser Extension is compatible with all commonly used browsers, including Chrome, Firefox, Edge and others, without requiring agents, a VPN or network modifications. Once deployed, the information security or IT team gains visibility into user activities and can block or restrict any threat in real-time, without impacting the user experience.
Commenting on the news, Or Eshed said: “We’ve transformed workforce protection for organizations without requiring the transition to a dedicated secure browser. Unlike other solutions, installed in a matter of minutes, the LayerX Browser Extension does not impact employee efficiency, speed, privacy or the browsing experience.”
FinSMEs
02/05/2024