LayerX, a Tel Aviv, Israel-based company that provides browser security platform, has raised $26 million in Series A funding, bringing its total raised to $34 million.
Investors
The round was led by Glilot+, the early-growth fund of Glilot Capital Partners, with participation from Dell Technologies Capital and other investors.
Established in 2011, Glilot Capital Partners is an Israel-based venture capital firm with a focus on cybersecurity and software startups at the Seed and Series A stages. The firm has launched five funds; the Glilot+ fund will invest in early growth, mainly post-Series A.
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.
LayerX Use of Funds
The fresh funds will be utilized for corporate growth across talent acquisition and increasing global market presence. LayerX aims to continue its mission of transforming workforce protection for organizations by securing and governing browser-based work activities.
About LayerX Security
Founded in 2022 by Or Eshed and David Weisbrot, LayerX Security is a company that specializes in browser security solutions, particularly targeted at modern enterprise environments. Their flagship product, the LayerX Browser Security Platform, is designed to address the various security risks associated with browser-based services and software-as-a-service (SaaS) applications commonly used by employees in organizations. LayerX offers an enterprise browser extension compatible with popular web browsers. Its solution includes an AI engine that monitors browser code and generates insights related to user behavior. The company has Fortune 100 clients worldwide.
Funding Details
Company: LayerX Security Ltd.
Raised: $26.0M
Round: Series A
Funding Month: May 2024
Lead Investors: Glilot+
Additional Investors: Dell Technologies Capital
Company Website: https://layerxsecurity.com/
Software Category: Browser Security Solutions
Source: Ronny Hassid