What does LayerX do?
LayerX is a secure enterprise browser extension company that offers an agentless security platform. It safeguards enterprises against modern web threats such as GenAI data risks, Shadow SaaS, identity threats, and data leakage by integrating directly with browsers like Chrome, Edge, Safari, and Firefox.
How much did they raise?
The company raised an $11M extension to its Series A funding, adding to a previous $26M round to reach a total funding amount of $37M, with a valuation of $45M. The round was led by Jump Capital, with participation from Glilot Capital Partners and Dell Technologies Capital.
What are their plans for the money?
LayerX plans to use the new funds to accelerate its next phase of growth. The capital will enhance its advanced, AI-powered security measures and further develop its platform to better protect enterprises against emerging browser and web-based threats.
What have they achieved so far?
The company has already demonstrated its platform's effectiveness by achieving widespread adoption across major browsers and integrating its solution with key security infrastructures from vendors like Palo Alto Networks, Zscaler, and Netskope.
