Security startup LayerX has raised $26 million in Series A funding led by Glilot+. The company will use the new capital to grow its team and expand its market reach worldwide.
LayerX, offering a browser security platform, has raised $26 million in Series A funding. Glilot+, the early-growth fund of Glilot Capital Partners, led the round 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 its board. With this round, the company has now secured a total investment of $34 million.
According to the press release, the new funding will be utilized to expand the company’s talent pool and bolster its global market footprint.
Or Eshed, co-founder and CEO of LayerX stated: “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…As the browser becomes more central to the employee, we anticipate it becomes more attractive to the attacker, particularly in the wake of GenAI tools used in browser-related activities… Today’s funding round is a testament to our increasing market opportunity and the innovation behind our platform’s user-friendly approach to a more secure browser experience.”
Kobi Samboursky, Founding and Managing Partner at Glilot Capital shared: “Since inception, LayerX showed super fast growth and adoption by the world’s leading enterprises. The company is at the forefront of defense for modern organizations. By protecting the browser, the central productivity application in organizations, from a wide range of new-generation security risks, LayerX can solve acute security problems that have remained unanswered until now…We believe that this novel solution for securing browsers will replace most SASE and SSE solutions prevalent today in organizations. At an estimated market size of $7 billion, the potential inherent in LayerX’s technology is tremendous.”
About LayerX:
Founded in 2022 by Or Eshed and David Vaisbrud, LayerX offers a browser security platform to deliver immediate, detailed insight and control over user activities within all browsers. This technology safeguards enterprise resources, including data, applications, and devices, from browser-related risks. By identifying and addressing risky user activities, the platform empowers security teams to ensure safe browsing practices without compromising user experience.
LayerX Enterprise Browser Extension seamlessly integrates with all major browsers, transforming them into highly secure and easily manageable environments without disrupting user experience. Enterprises use LayerX to secure their devices, identities, data, and SaaS applications against web-based threats and browsing vulnerabilities that traditional endpoint and network security solutions struggle to address.
LayerX protects against types of threats, regardless of whether they arise from inadvertent actions by employees or malicious activities initiated by attackers. Central to its capabilities is an AI engine that granularly monitors browser code execution, producing a range of insights concerning user behavior within the browser environment.
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