LayerX, pioneer of the LayerX Browser Safety platform, at the moment introduced $26 million in Sequence 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 can be used for company development throughout expertise and rising world market presence. This spherical brings the corporate’s complete funding to $34 million.
Right this moment’s fashionable enterprise staff rely closely on browser-based providers and SaaS purposes. But, these elementary work actions expose organizations to a variety of safety dangers, like information 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. Not like different options, put in in a matter of minutes, the LayerX Browser Extension doesn’t impression worker effectivity, velocity, privateness or the looking expertise, ” mentioned Or Eshed, co-founder and CEO, LayerX.
“Because the browser turns into extra central to the worker, we anticipate it turns into extra enticing to the attacker, significantly within the wake of GenAI instruments utilized in browser-related actions,” he continues. “Right this moment’s funding spherical is a testomony to our rising market alternative and the innovation behind our platform’s user-friendly strategy to a safer browser expertise.”
LayerX’s Enterprise Browser Extension is appropriate 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 safety or IT workforce positive aspects visibility into consumer actions and may block or prohibit any menace in real-time, with out impacting the consumer expertise.
LayerX protects towards all threats, whether or not they had been inadvertently or maliciously brought on by the worker, or whether or not they had been originated by the attacker. The answer consists of an AI engine that granularly displays the code run by the browser and robotically generates quite a lot of insights associated to consumer conduct 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 safety dangers, LayerX can remedy acute safety issues which have remained unanswered till now,” mentioned 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 measurement of $7 billion, the potential inherent in LayerX’s expertise is large.”
“Much like different profitable entrepreneurs within the cybersecurity subject we’ve collaborated with, Or and David deliver vital expertise and information in understanding the technical points concerned in threats to organizations and the motivations of attackers. Consequently, they acknowledge that efficient safety measures ought to adapt to real-world consumer behaviors, quite than the opposite approach round,” mentioned Yair Snir, Managing Director at Dell Applied sciences Capital. “In a world the place most laptop operations are performed by means of browsers, LayerX introduces a inventive strategy to company safety 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 techniques 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 thousands and thousands 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 essentially the most safe and manageable workspace, with no impression on the consumer expertise. Enterprises use LayerX to safe their gadgets, identities, information, and SaaS apps from web-borne threats and looking dangers that endpoint and community options can’t defend towards. These embrace information leakage over the online, SaaS apps and GenAI Instruments, malicious browser extensions, phishing, account takeovers, shadow SaaS, and extra.
