The Good Tech Companies - LayerX Security Raises $26M For Its Browser Security Platform, Enabling Employees To Work Securely

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Layer X security raises $26 million for its browser security platform, enabling employees to work securely. By CyberWire. Tel Aviv, Israel, May 2, 2024, CyberNewsWire. Asterisk asterisk early adoption by Fortune 100 companies worldwide. Layer X already secures more users than any other browser security solution and enables unmatched security, performance and experience. LayerX, pioneer of the LayerX browser security platform, today announced $26 million in Series A funding

Starting point is 00:00:38 led by Glilett Plus, the early growth fund of Glilett Capital Partners, with participation from Dell Technologies Capital and other investors. Lior Litwick, managing partner at Glilett Capital and head of Glilett Plus, and Jair Snur, managing partner at Dell Technologies Capital, will join the Layer X board. The new capital will be used for corporate growth across talent and increasing global market presence. This round brings the company's total investment to $34 million. Today's modern enterprise employees rely heavily on browser-based services and SAAS applications. Yet, these fundamental work activities expose organizations to a wide range of security risks, like data leaks, identity and password theft, malicious browser extensions, phishing sites and

Starting point is 00:01:23 more. LayerX was purpose built to secure and govern browser-based work from both managed and unmanaged devices. Greater than, we've transformed workforce protection for organizations without requiring greater than the transition to a dedicated secure browser. Unlike other solutions, greater than installed in a matter of minutes, the Layer X browser extension does not impact greater than employee efficiency, speed, privacy or the browsing experience, said our Eshed, co-founder and CEO, Layer X. Greater than, as the browser becomes more central to the employee, we anticipate it becomes greater than more attractive to the attacker, particularly in the wake of Gen AI tools used greater than in browser-related activities, he continues. Today's funding round is a greater-than testament to our increasing

Starting point is 00:02:10 market opportunity and the innovation behind our greater-than-platforms user-friendly approach to a more secure browser experience. Layerx's enterprise browser extension is compatible 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 they were inadvertently or maliciously caused by the employee, or whether they were originated by the attacker. The solution includes an AI engine that granularly monitors the code run by the browser and automatically generates a variety of insights related to

Starting point is 00:02:54 behavior in the browser. Greater than, since inception, Layer X showed super-fast growth and adoption by the world's greater-than-leading enterprises. The company is at the forefront of defense for modern greater-than organizations. By protecting the browser, the central productivity application greater-than-in-organizations, from a wide range of new-generation security risks, Layer X greater-than can solve acute security problems that have remained unanswered until now. Greater-than said Kobi Samberski, greater-than founding and managing partner at Glilett Capital. We believe that this novel greater-than solution for securing browsers will replace most SASE and SSE solutions greater than prevalent today in organizations. At an estimated market size of $7 billion, greater than the potential inherent in Layerts'

Starting point is 00:03:41 technology is tremendous. Greater than, similar to other successful entrepreneurs in the cybersecurity field we've greater than collaborated with, Orr and David bring significant experience and knowledge in greater than understanding the technical issues involved in threats to organizations and greater than the motivations of attackers. Consequently, they recognize that effective greater than security measures should adapt to real-world user behaviors, rather than the greater-than-other-way-around, said Yair Sner, greater-than-managing director at Dell Technologies Capital. In a world where most greater-than-computer operations are conducted through browsers, Layer X introduces a greater-than-creative approach to corporate security

Starting point is 00:04:19 that is user-friendly, robust, and greater-than-easily implementable in large organizations. This approach transforms the greater-than-br browser from a major vulnerability to a strength, facilitating secure work greater-than-across devices. Our investment in LayerX isn't just driven by the promising greater-than opportunity but also by the potential impact of the company's solution on greater-than organizations, regardless of where employees conduct their tasks. About LayerX LayerX was founded in 2022 by Er Eshed, CEO, and David Weisbrot, CTO, who developed web attack and defense systems during their military service. In 2017, Eshed led the exposure of the largest attack campaign in history on the Chrome browser,

Starting point is 00:05:01 which involved tens of millions of compromised browsers and even led to the capture and trial of the hackers. LayerX has Fortune 100 clients worldwide. LayerX Enterprise Browser Extension natively integrates with any browser, turning it into the most secure and manageable workspace, with no impact on thesis or experience. Enterprises use LayerX to secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks that endpoint and network solutions can't protect against. Those include data leakage over the web, SaaS apps and Gen AI tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more. Contact Dory Harpa's LayerX Dory at LayerXsecurity.com. Tip This story was distributed as a release by CyberWire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story,

Starting point is 00:05:55 read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - LayerX Security Raises $26M For Its Browser Security Platform, Enabling Employees To Work Securely

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