LayerX raises $26 million for its browser security platform | CTech

Summary: LayerX, a browser security platform, has raised $26 million in Series A funding to develop web attack and defense systems and help enterprises secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks.

Threat Actor: N/A

Victim: N/A

Key Point :

  • LayerX has raised $26 million in Series A funding led by Glilot+, bringing their total investment to $34 million.
  • The company was founded by Or Eshed and David Weisbrot, who developed web attack and defense systems during their military service.
  • LayerX’s Enterprise Browser Extension helps enterprises secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks.

LayerX, which develops a browser security platform, announced on Thursday that it has raised $26 million in Series A funding led by Glilot+, the early-growth fund of Glilot Capital Partners, with participation from Dell Technologies Capital and other investors. This round brings the company’s total investment to $34 million.

LayerX was founded in 2022 by Or 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, which involved tens of millions of compromised browsers and even led to the capture and trial of the hackers.

LayerX Enterprise Browser Extension integrates with any browser, helping enterprises 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 GenAI Tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more.

LayerX employs 30 people, most of them in the R&D center in Israel.

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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. The new capital will be used for corporate growth across talent and increasing global market presence.

“We’ve transformed workforce protection for organizations without requiring the transition to a dedicated secure browser. Unlike other solutions, installed in a matter of minutes, the LayerX Browser Extension does not impact employee efficiency, speed, privacy or the browsing experience,” said Or Eshed, co-founder and CEO, LayerX. “As the browser becomes more central to the employee, we anticipate it becomes more attractive to the attacker, particularly in the wake of GenAI tools used in browser-related activities.”

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 user behavior in the browser.

Source: https://www.calcalistech.com/ctechnews/article/rkevyremc


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