New Data Security Company Raises $32M
Laminar burst out of stealth mode with series A funding round of $32 million to deliver data security products for the cloud.
The Israel-based company raised $5 million while in stealth but now is officially joining the fray, having struck a chord with AI endpoint security company SentinelOne, Insight Partners, TLV Partners and Meron Capital.
The new financing is aimed at building Laminar’s software engineering team, bringing on a slate of new hires and enabling its go-to-market strategy.
“Data and APIs are mission critical in the functioning of today’s digital society,” said Tomer Weingarten, chief executive at SentinelOne. “Securing data wherever it resides is the foundation of our Singularity XDR platform. We see Laminar’s approach as complementary in helping our customers secure data in a cloud-first world.”
Achieving Visibility in the Clouds
IoT data security can be undermined not just by fragile on-device security protocols, but also through problematic edge-to-cloud environments, which expose sensitive information and risk violating an enterprise’s privacy policies.
By allowing enterprises to discover, classify and protect what data is held remotely, the Laminar platform is designed to highlight any egress channels which send information externally.
The technology is designed using an agentless approach, meaning data is collected without installing additional software on every target machine.
Alternatives to its product usually require agent installations or else filter all data traffic through proxy servers, adding further complexity, Legacy says.