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With $26M in New Funding, LayerX Broadens its Browser Security Platform Capabilities

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It’s a fact – workers across today’s ever-modernizing enterprises still rely heavily (in many cases, at the very least) on browser-based services and SaaS applications. There’s flexibility therein, and work-from-anywhere technologies are still evolving (even as the pandemic fades further into the rearview mirror). However, be it at home, at a coffee shop or smack dab in the middle of a traditional office space, fundamental work activities can still expose organizations to a whole cornucopia of undue security risks; sophisticated phishing attempts, password or even identity theft, sensitive personal information leaks, full-blown (and enterprise-wide) data breaches, and more.

In this story’s case, the “and more” involves malicious browser extensions and other browser-related concerns. They represent an ongoing problem.

Enter LayerX, an organization that’s been described as the “pioneer of a user-first browser security platform.” LayerX’s M.O. is to continue vitalizing its purpose-built, “highest-level-of-granularity” solutions in order to provide real-time, high-resolution visibility and governance on user activities in all browser-based work, protecting both managed and unmanaged devices from risks.

Being user-driven, the platform’s protection is implemented “at the browser’s user profile/identity level,” providing its full set of capabilities from anywhere users may access the web (and regardless of their device being managed or not, thus turning any browser into a truly protected and manageable workspace.) LayerX is ready and able to evaluate entire security architectures to protect enterprise’s identities, SaaS apps, data and devices from web-borne threats, all while maintaining what’s top-notch for all users.

And in recent news, LayerX announced its successful $26 million Series A funding round, which is set to be allocated for “talent acquisition, corporate growth, and an increase of LayerX’s global market presence.”

This success makes sense, given how LayerX’s Enterprise Browser Extension, for example, is already compatible with common browsers like Chrome, Firefox, Edge and others; it doesn’t require agents, a VPN or intricate network modifications. Once deployed, LayerX prides itself in warding off threats without negatively affecting users’ experiences.

This Series A round was by Glilot+, the early-growth fund of Glilot Capital Partners. Additional participation came from investors at Dell Technologies Capital.

LayerX CEO Or Eshed had this to say:

“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.”

For supporting commentary from Gilot+ and Dell, read here.




Edited by Greg Tavarez
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