LayerX, the innovator behind the LayerX Browser Security platform, announced $26 million in Series A funding led by Glilot+ (the early-growth fund of Glilot Capital Partners), with participation from Dell Technologies Capital and other investors. In connection with the funding round, 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 new funding round will be used to grow corporate talent and increase global market presence. This round brings the company’s total investment to $34 million.
Modern enterprise employees depend heavily on browser-based services and SaaS applications. However, these fundamental work activities expose organizations to various security risks, such as data leaks, identity and password theft, malicious browser extensions, phishing sites, etc. LayerX was purpose-built to secure and govern browser-based work from both managed and unmanaged devices.
LayerX’s Enterprise Browser Extension works 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.
LayerX protects against all threats, whether inadvertently or maliciously caused by the employee or whether they originated from the attacker. And this solution includes an AI engine that granularly monitors the code run by the browser and automatically generates various insights related to user behavior in the browser.
KEY QUOTES:
“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.”
– Or Eshed, co-founder and CEO, LayerX
“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.”
– Kobi Samboursky, Founding and Managing Partner at Glilot Capital
“Similar to other successful entrepreneurs in the cybersecurity field we’ve collaborated with, Or and David bring significant experience and knowledge in understanding the technical issues involved in threats to organizations and the motivations of attackers. Consequently, they recognize that effective security measures should adapt to real-world user behaviors, rather than the other way around. In a world where most computer operations are conducted through browsers, LayerX introduces a creative approach to corporate security that is user-friendly, robust, and easily implementable in large organizations. This approach transforms the browser from a major vulnerability to a strength, facilitating secure work across devices. Our investment in LayerX isn’t just driven by the promising opportunity but also by the potential impact of the company’s solution on organizations, regardless of where employees conduct their tasks.”
– Yair Snir, Managing Director at Dell Technologies Capital
