Early adopted by Fortune 100 companies around the world, LayerX already protects more users than any other browser security solution and enables unparalleled security, performance and experience
LayerX, pioneer of the LayerX Browser Security platform, today announced $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. Lior Litwak, Managing Partner at Glilot Capital and head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the board of LayerX. The new capital will be used for business growth in terms of talent and expanding its presence in the global market. This round brings the company’s total investment to $34 million.
Modern enterprise workers today rely heavily on browser-based services and SaaS applications. Yet these basic work activities expose organizations to a wide range of security risks, such as data breaches, identity and password theft, malicious browser extensions, phishing sites, and more. LayerX is purpose-built to secure and manage browser-based work, from both managed and unmanaged devices.
“We have transformed workforce protection for organizations without the need to move to a dedicated, secure browser. Unlike other solutions, which install in minutes, the LayerX Browser Extension will not impact efficiency, speed, privacy or employee browsing experience,” said Or Eshed, co-founder and CEO of LayerX.
“As the browser becomes increasingly important to the worker, we expect it to become more attractive to the attacker, especially in the wake of GenAI tools used in browser-related activities,” he continued. “Today’s funding round is a testament to our expanding market opportunity and the innovation behind our platform’s user-friendly approach to a more secure browsing experience.”
LayerX’s Enterprise Browser Extension is compatible with all commonly used browsers, including Chrome, Firefox, Edge, and others, without the need for agents, a VPN, or network adjustments. Once implemented, the information security or IT team gains visibility into user activity and can block or mitigate any threat in real time, without impacting the user experience.
LayerX protects against all threats, regardless of whether they are unintentionally or maliciously caused by the employee, or originate from the attacker. The solution includes an AI engine that monitors the browser’s code in detail and automatically generates a variety of insights regarding user behavior in the browser.
“Since its inception, LayerX has demonstrated lightning-fast growth and adoption by the world’s leading enterprises. The company is at the forefront of defending modern organizations. By protecting the browser, the core productivity application in organizations, from a wide range of next-generation security threats, LayerX can solve acute security challenges that have gone unanswered until now,” said Kobi Samboursky, founder and managing partner at Glilot Capital. I believe that this new solution for securing browsers will replace most of the SASE and SSE solutions common in organizations today. With an estimated market size of $7 billion, the potential inherent in LayerX technology is enormous.”
“Like other successful cybersecurity entrepreneurs we have worked with, Or and David bring significant experience and knowledge in understanding the technical issues involved in threats to organizations and the motivations of attackers. As a result, they recognize that effective security measures must adapt to user behavior in the real world, rather than the other way around,” said Yair Snir, Managing Director at Dell Technologies Capital. “In a world where most computing operations are performed through browsers, LayerX introduces a creative approach to enterprise security that is easy to use, robust and easily deployed across large organizations. This approach transforms the browser from a major vulnerability into a strength, enabling secure working across devices. Our investment in LayerX is driven not only by the promising opportunity, but also by the potential impact of the company’s solution on organizations regardless of where employees perform their duties.”
About LayerX
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, involving tens of millions of compromised browsers and even leading to the arrest and trial of the hackers. LayerX has Fortune 100 customers around the world.
LayerX Enterprise Browser Extension integrates natively with any browser, making it the most secure and manageable workspace, without impacting the user experience. Enterprises use LayerX to protect their devices, identities, data, and SaaS apps against Internet threats and browser risks that endpoint and network solutions cannot protect against. These include Internet data breaches, SaaS apps and GenAI Tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more.
