LayerX, pioneer of the LayerX Browser Safety platform, at the moment introduced $26 million in Collection A funding led by Glilot+, the early-growth fund of Glilot Capital Companions, with participation from Dell Applied sciences Capital and different traders. Lior Litwak, Managing Associate at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Associate at Dell Applied sciences Capital, will be part of the LayerX board. The brand new capital might be used for company development throughout expertise and growing international market presence. This spherical brings the corporate’s complete funding to $34 million.
At this time’s fashionable enterprise staff rely closely on browser-based providers and SaaS functions. But, these basic work actions expose organizations to a variety of security dangers, like knowledge leaks, id and password theft, malicious browser extensions, phishing websites and extra. LayerX was purpose-built to safe and govern browser-based work, from each managed and unmanaged gadgets.
“We’ve reworked workforce safety for organizations with out requiring the transition to a devoted safe browser. In contrast to different options, put in in a matter of minutes, the LayerX Browser Extension doesn’t impression worker effectivity, pace, privateness or the looking expertise, ” stated Or Eshed, co-founder and CEO, LayerX.
“Because the browser turns into extra central to the worker, we anticipate it turns into extra engaging to the attacker, significantly within the wake of GenAI instruments utilized in browser-related actions,” he continues. “At this time’s funding spherical is a testomony to our growing market alternative and the innovation behind our platform’s user-friendly strategy to a safer browser expertise.”
LayerX’s Enterprise Browser Extension is suitable with all generally used browsers, together with Chrome, Firefox, Edge and others, with out requiring brokers, a VPN or community modifications. As soon as deployed, the knowledge security or IT crew features visibility into consumer actions and may block or limit any risk in real-time, with out impacting the consumer expertise.
LayerX protects in opposition to all threats, whether or not they have been inadvertently or maliciously attributable to the worker, or whether or not they have been originated by the attacker. The answer consists of an AI engine that granularly screens the code run by the browser and mechanically generates quite a lot of insights associated to consumer habits within the browser.
“Since inception, LayerX confirmed tremendous quick development and adoption by the world’s main enterprises. The corporate is on the forefront of protection for contemporary organizations. By defending the browser, the central productiveness software in organizations, from a variety of new-generation security dangers, LayerX can remedy acute security issues which have remained unanswered till now,” stated Kobi Samboursky, Founding and Managing Associate at Glilot Capital “We consider that this novel answer for securing browsers will change most SASE and SSE options prevalent at the moment in organizations. At an estimated market dimension of $7 billion, the potential inherent in LayerX’s know-how is great.”
“Just like different profitable entrepreneurs within the cybersecurity area we’ve collaborated with, Or and David deliver vital expertise and data in understanding the technical points concerned in threats to organizations and the motivations of attackers. Consequently, they acknowledge that efficient security measures ought to adapt to real-world consumer behaviors, slightly than the opposite manner round,” stated Yair Snir, Managing Director at Dell Applied sciences Capital. “In a world the place most pc operations are carried out by way of browsers, LayerX introduces a inventive strategy to company security that’s user-friendly, strong, and simply implementable in massive organizations. This strategy transforms the browser from a significant vulnerability to a energy, facilitating safe work throughout gadgets. Our funding in LayerX isn’t simply pushed by the promising alternative but in addition by the potential impression of the corporate’s answer on organizations, no matter the place staff conduct their duties.”
About LayerX
LayerX was based in 2022 by Or Eshed, CEO, and David Weisbrot, CTO, who developed net assault and protection methods throughout their navy service. In 2017, Eshed led the publicity of the most important assault marketing campaign in historical past on the Chrome browser, which concerned tens of tens of millions of compromised browsers and even led to the seize and trial of the hackers. LayerX has Fortune 100 shoppers worldwide.
LayerX Enterprise Browser Extension natively integrates with any browser, turning it into probably the most safe and manageable workspace, with no impression on the consumer expertise. Enterprises use LayerX to safe their gadgets, identities, knowledge, and SaaS apps from web-borne threats and looking dangers that endpoint and community options can’t shield in opposition to. These embrace knowledge leakage over the online, SaaS apps and GenAI Instruments, malicious browser extensions, phishing, account takeovers, shadow SaaS, and extra.
