Founded by Unit 8200 veterans and four-time Google Capture the Flag champions, the firm will enable data protection teams to move at the speed of cloud
Laminar, a public cloud data protection provider, today emerged from stealth with a $32 million Series A investment, bringing the company’s total funding to $37 million. The round was led by New York-based global venture capital and private equity firm Insight Partners, with participation from SentinelOne (NYSE: S), 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 you build and run in the cloud.
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“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.”
According to Crunchbase, cyber companies in Israel have raised about $1.6 billion to date this year, well above last year’s record of $1 billion. Laminar’s Series A, which also included investments by cybersecurity founders and Fortune 500 CISOs, is one of the largest 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.
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“With its game-changing security platform, Laminar is bringing about the democratization of data in today’s fast-paced cloud world,” said Emmet B. Keeffe III, founder, Insight IGNITE and operating partner, Insight Partners. “At the end of the day, 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.”
“Data and APIs are mission critical in the functioning of today’s digital society,” said Tomer Weingarten, CEO, 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.”
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