Laminar, an Israeli public cloud data protection provider, emerged from stealth Wednesday and announced that it had secured $32 million Series A investment, bringing the company’s total funding to $37 million.
New York-based global venture capital and private equity firm Insight Partners led the round, with participation from SentinelOne, TLV Partners and Meron Capital.
Founded by Unit 8200 veterans, four-time Google Capture the Flag champions and lifelong friends Amit Shaked, CEO, and Oran Avraham, CTO, Laminar delivers agentless and asynchronous data security and leakage protection for everything that is built and run in the cloud.
Reportedly, this is one of the largest-ever A rounds for an Israeli security startup with founders under 30 years of age. Laminar will utilize this round of funding to expand its engineering department, build-out its go-to-market team and establish a world-class data security research team.
With important product validation by hundreds of CISOs over the last year through Insight IGNITE, Laminar is an industry-first public cloud data protection solution that prevents data leakage.
Built specifically for CISOs and data protection teams, Laminar’s Cloud Data Security Platform is the only tool on the market that enables them to discover and classify sensitive data continuously for complete visibility, secure and control to improve risk posture and detect and remediate leaks without interrupting data flow.
“As organizations rapidly transition to the cloud and build applications cloud-first, businesses are moving at record pace. These transformations often make life easier. However, for CISOs and data security professionals, their job is more difficult than ever before, and data protection teams are left in the dark,” said Shaked.
“Data protection teams are blind to where sensitive data resides in the cloud, and legacy data protection solutions are no longer keeping pace with evolving cloud environments,” said Josh Jaffe, president of the Global Center for Cybersecurity and longtime Fortune 500 CISO. “Laminar is launching at a time when these teams are in desperate need of cloud-native data security platforms purpose built for cloud environments.”
Emmet B. Keeffe III, founder, Insight IGNITE and operating partner, Insight Partners remarked that “Laminar is bringing about the democratization of data in today’s fast-paced cloud world… security is about protecting data —and today’s data protection teams are unable to keep up. We’re excited to partner with Laminar to capitalize on this immense opportunity and turn CISOs and data security teams into true business enablers.”