LayerX Security, a pioneering company in browser security solutions, today announced a substantial $26m in Series A funding.
The round was led by Glilot+, the early-growth fund of Glilot Capital Partners, with significant contributions from Dell Technologies Capital and other investors. The funding will enable LayerX Security to expand its talent pool and enhance its presence in the global market. This investment round brings the total capital raised by the company to $34m.
LayerX Security is at the forefront of the browser security market with its innovative LayerX Browser Security Platform. The platform is designed to protect enterprise employees working from any browser, anywhere, safeguarding them against a wide range of security threats. These threats include data leaks, identity and password theft, malicious browser extensions, phishing sites, and more.
LayerX has already established itself as a leader in browser security by securing more users than any other solution in the market. Their product, the LayerX Enterprise Browser Extension, is compatible with all major browsers and does not require agents, a VPN, or network modifications. This compatibility ensures that security measures are seamlessly integrated into existing corporate infrastructures, allowing for real-time threat monitoring and response without disrupting user experience.
Kobi Samboursky, Founding and Managing Partner at Glilot Capital, said, “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.”
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