LayerX Security Company Profile

Background

Overview

LayerX Security, founded in 2021 and headquartered in Tel Aviv, Israel, specializes in cybersecurity solutions with a primary focus on browser security. The company's mission is to transform any browser into a secure and manageable workspace, ensuring comprehensive protection against web-borne threats without compromising user experience. LayerX aims to enable enterprises to adopt a true cloud-first strategy by providing real-time, high-resolution visibility and governance over user activities across all existing browsers.

Key Strategic Focus

Core Objectives

Browser-Centric Security: Enhancing the security of enterprise data and resources by focusing on the browser as the primary workspace.

User Experience Preservation: Implementing security measures that do not disrupt employee workflows or degrade browser performance.

Comprehensive Threat Mitigation: Addressing a wide range of web-based threats, including data leaks, phishing attacks, malicious extensions, and unauthorized SaaS applications.

Primary Markets

LayerX targets enterprises across various industries that rely heavily on browser-based services and SaaS applications, particularly those adopting cloud-first strategies and seeking to secure both managed and unmanaged devices.

Financials and Funding

Funding History

Seed Round (September 2022): Raised $8.08 million.

Series A (May 2024): Secured $26 million, led by Glilot+, with participation from Dell Technologies Capital and other investors.

Total Funds Raised

As of May 2024, LayerX has raised a total of $34 million.

Notable Investors

Glilot Capital Partners

Dell Technologies Capital

Intel Ignite

Enel X

FinSec Innovation Lab

Utilization of Capital

The funds are allocated towards corporate growth, talent acquisition, and expanding the company's global market presence.

Technological Platform and Innovation

Proprietary Technologies

LayerX Enterprise Browser Extension: An agentless solution that integrates with existing browsers, transforming them into secure and manageable workspaces without impacting user experience.

Significant Scientific Methods

AI-Powered Monitoring: Utilizes a dual AI engine to perform high-resolution monitoring of browser activities, enabling real-time threat detection and mitigation.

Leadership Team

Or Eshed, Co-Founder & CEO: Brings extensive experience in cybersecurity, having led the exposure of a significant attack campaign on the Chrome browser in 2017.

David Vaisbrud, Co-Founder & CTO: Specializes in web attack and defense systems, with a background in military service focusing on cybersecurity.

Dori Harpaz, Chief Marketing Officer: Oversees marketing strategies and initiatives to enhance brand visibility and market penetration.

Jarrett Kolthoff, Chief Revenue Officer: Leads revenue generation strategies and sales operations.

Ronen Pinko, Head of R&D: Directs research and development efforts to drive technological innovation.

Inbar Reis, VP of Product Management: Manages product development and lifecycle to align with market needs.

Gali Nimni Reiner, VP of Finance: Oversees financial planning and management.

Lilach Nir Canetti, VP People: Leads human resources and organizational development.

Competitor Profile

Market Insights and Dynamics

The browser security market is experiencing significant growth, driven by the increasing reliance on web-based applications and the need for robust security measures to protect against evolving cyber threats.

Competitor Analysis

Cloudflare Application Security and Performance: Offers performance, reliability, and security solutions for web applications and APIs.

Chrome Enterprise: Provides a secure enterprise browser solution with management capabilities.

Intruder: Delivers proactive security monitoring for internet-facing systems.

Acunetix by Invicti: Automates web application security scanning to detect vulnerabilities.

Pentest-Tools.com: Offers online penetration testing and vulnerability assessment tools.

These competitors provide various approaches to web and browser security, ranging from dedicated secure browsers to comprehensive security platforms.

Strategic Collaborations and Partnerships

LayerX has established partnerships with notable investors and industry leaders, including Glilot Capital Partners and Dell Technologies Capital, to strengthen its market position and drive innovation.

Operational Insights

LayerX differentiates itself by offering a browser security solution that integrates seamlessly with existing browsers, ensuring robust protection without disrupting user experience. This approach addresses the limitations of traditional network security solutions and dedicated secure browsers, positioning LayerX as a leader in the browser security market.

Strategic Opportunities and Future Directions

LayerX is poised to capitalize on the growing demand for browser security solutions by expanding its global presence, enhancing its technological offerings, and forming strategic partnerships. The company's focus on user-centric security positions it to address the evolving needs of enterprises adopting cloud-first strategies.