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LayerX Security Raises $24M for its Browser Security Platform, Enabling Workers to Work Securely from Any Browser, Wherever

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Tel Aviv, Israel, Would possibly perchance maybe perchance perchance 2nd, 2024, CyberNewsWire

Early adoption by Fortune 100 companies worldwide, LayerX already secures more users than any different browser safety solution and enables unmatched safety, performance and abilities

LayerXpioneer of the LayerX Browser Security platform, on the present time announced $24 million in Sequence A funding led by Glilot+, the early-development fund of Glilot Capital Companions, with participation from Dell Applied sciences Capital and different traders. Lior Litwak, Managing Accomplice at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Accomplice at Dell Applied sciences Capital, will join the LayerX board. The new capital would maybe be historical for corporate development true by ability and growing global market presence. This spherical brings the firm’s entire funding to $32 million.

On the present time’s trendy enterprise staff rely intently on browser-basically based products and services and SaaS applications. But, these elementary work actions teach organizations to a huge vary of safety dangers, like knowledge leaks, identification and password theft, malicious browser extensions, phishing web sites and more. LayerX became once reason-constructed to steady and govern browser-basically based work, from both managed and unmanaged devices.

“We’ve remodeled team safety for organizations with out requiring the transition to a steady steady browser. Unlike different solutions, put in in a subject of minutes, the LayerX Browser Extension doesn’t affect employee efficiency, inch, privacy or the making an try abilities, ” said Or Eshed, co-founder and CEO, LayerX.

“Because the browser turns into more central to the employee, we await it turns into more dazzling to the attacker, particularly in the wake of GenAI instruments historical in browser-connected actions,” he continues. “On the present time’s funding spherical is a testament to our growing market different and the innovation in the relieve of our platform’s user-friendly technique to a more steady browser abilities.”

LayerX’s Undertaking Browser Extension is applicable with all continually historical browsers, at the side of Chrome, Firefox, Edge and others, with out requiring agents, a VPN or network changes. Once deployed, the records safety or IT team good points visibility into user actions and also can block or restrict any threat in steady-time, with out impacting the user abilities.

LayerX protects in opposition to all threats, whether they had been inadvertently or maliciously precipitated by the employee, or whether they had been originated by the attacker. The solution involves an AI engine that granularly shows the code inch by the browser and automatically generates a diversity of insights connected to user habits in the browser.

“Since inception, LayerX confirmed astronomical fast development and adoption by the arena’s leading enterprises. The firm is on the forefront of defense for trendy organizations. By preserving the browser, the central productiveness application in organizations, from a huge vary of latest-generation safety dangers, LayerX can solve acute questions of safety which delight in remained unanswered unless now,” said Kobi Samboursky, Founding and Managing Accomplice at Glilot Capital “We predict about that this original solution for securing browsers will substitute most SASE and SSE solutions prevalent on the present time in organizations. At an estimated market measurement of $7 billion, the capacity inherent in LayerX’s abilities is astronomical.”

“Much like different successful entrepreneurs in the cybersecurity field we’ve collaborated with, Or and David convey principal abilities and knowledge in realizing the technical points fascinated about threats to organizations and the motivations of attackers. Consequently, they scheme that effective safety measures also can simply silent adapt to steady-world user behaviors, quite than the different technique spherical,” said Yair Snir, Managing Director at Dell Applied sciences Capital. “In a world where most computer operations are performed by browsers, LayerX introduces a inventive technique to corporate safety that is user-friendly, tough, and with out effort implementable in neat organizations. This technique transforms the browser from a principal vulnerability to a strength, facilitating steady work true by devices. Our funding in LayerX isn’t magnificent pushed by the promising different nonetheless also by the prospective affect of the firm’s solution on organizations, despite where staff habits their duties.”

About LayerX

LayerX became once based in 2022 by Or Eshed, CEO, and David Weisbrot, CTO, who developed web assault and defense techniques all by their defense force service. In 2017, Eshed led the exposure of the biggest assault marketing campaign in historical previous on the Chrome browser, which concerned tens of thousands and thousands of compromised browsers and even ended in the capture and trial of the hackers. LayerX has Fortune 100 shoppers worldwide.

LayerX Undertaking Browser Extension natively integrates with any browser, turning it into the most steady and manageable workspace, and not using a affect on the user abilities. Enterprises use LayerX to steady their devices, identities, knowledge, and SaaS apps from web-borne threats and making an try dangers that endpoint and network solutions can’t offer protection to in opposition to. Those consist of knowledge leakage over the gain, SaaS apps and GenAI Instruments, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more.

Contact

Dori Harpaz
LayerX
[email protected]

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