Leading public cloud data security provides $ 30 million in extended Series A with Tiger Global Management and Salesforce Ventures, and launches three new product capabilities
Laminar, a public provider of cloud data security, said it had raised another $ 30 million, almost doubling its funding to $ 67 million in less than six months amid significant demand for its solutions. The additional financing, with the participation of Tiger Global Management and Salesforce Ventures, follows the initial and initial investments in the A series of 37 million dollars in November 2021. The financing comes at a crucial moment for Laminar, as it continues to launch its first product on the market with the announcement of three new capabilities in the Laminar Cloud data security platform - giving the company a significant lead in the public cloud data start-up race.
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“Using our red team and in-house cloud security experience, as well as consistent contributions from our potential and customers, we continually improve our products at an unparalleled pace in the marketplace. We are excited to see what the future holds for us after these six months of action in the marketplace. ”
$ 67 million raised
Since stepping out of stealth last fall, Laminar has seen significant demand from CISO and their security teams for its cloud data security solutions, which in turn has sparked investor enthusiasm. Including Laminar’s $ 67 million venture capital, various cloud data security startups have now raised over $ 200 million in combined funding, validating the industry’s need for public cloud data visibility and security.
“The growing number of players in our space is exciting, because it determines us to continue to innovate with both speed and quality. A rising tide lifts all the boats. Therefore, the more cybersecurity and cloud leaders learn that there are products that solve their biggest public cloud data challenges, the more we all earn, ”said Amit Shaked, CEO and co-founder, Laminar. .
The latest round will be used to fund even faster product innovation, increase sales and marketing to capture market demand and build its global team. Laminar’s new investors bring every unique expertise to help the company on its journey of disrupting the industry. Tiger Global Management has an impressive track record of discovering the next big names in cybersecurity, including SentinelOne, Snyk and Lacework. Salesforce Ventures is a leading investor in cloud data and cybersecurity, with a mission to build confidence in the cloud industry through strategic investments in companies such as Wiz, Databricks and Snowflake.
Nowi Kallen, managing director of Salesforce Ventures, said: “Laminar is rapidly innovating to deliver efficient solutions for managing data security and DLP in the cloud. We are excited to support the team in its mission to make the public cloud a significantly safer place for organizations’ data, and we are very impressed with their pace of execution. ”
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Quickly adding value
In addition to adding funding, Laminar continues to innovate rapidly for customers by adding three new capabilities to Laminar’s cloud data security platform - as well as successfully completing its SOC 2 Type II certification, which ensures compliance with top standards. from industry to management. data, privacy and security. New capabilities include:
- Added support for Microsoft Azure: Meeting customer demand, Laminar is truly multi-cloud, adding Microsoft Azure support to its existing support for Amazon AWS. Consistency in the cloud is important because its public cloud data security report found that 56% of organizations work with two or more cloud providers.
- A complete suite of data-centric security policies: While most cloud security approaches define infrastructure-level security policies, Laminar has introduced a comprehensive suite of data-centric policies that are automatically implemented. These data-centric policies are aimed at preventing the breach or leakage of sensitive data, regardless of the cloud infrastructure that stores it.
- Ability to discover and classify data into embedded, self-hosted databases: “Shadow data” includes data that is not tracked by IT, but may contain sensitive information. This category includes databases that are embedded in cloud computing instances (AWS EC2 or Azure VM). As developers quickly repeat, they easily activate embedded, hidden data assets, which are most often unprotected and targeted by threat actors. Laminar is now the first to support the autonomous discovery of these data assets wherever they are, without the need for knowledge of their credentials or their location. This includes asynchronous mapping and classification of data that is stored in those assets.
“Companies need a unified view of their sensitive data in the cloud and a solution that continuously monitors and alerts. This allows data security to lead a “Discovery, Control and Verification” approach with application development teams and data science, enabling them to move safely with the speed of the cloud. Laminar offers all these elements, and these latest improvements will only improve the customer experience, ”said Yaniv Toledano, CISO Global at fintech provider Pagaya.
Oran Avraham, CTO and co-founder of Laminar, concluded: “Using our red team and in-house cloud security experience, as well as consistent contributions from our potential and customers, we continually improve our products at an unparalleled pace. . . We are excited to see what the future holds for us after these six months of action in the marketplace. ”
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