Laminar Security, an Israeli startup that provides public cloud data security services, raised an additional $30 million, nearly doubling its funding to $67 million in less than six months. The additional funding, with participation from Tiger Global Management and Salesforce Ventures, follows seed and initial Series A investments of $37 million in November 2021.
The funding comes at a pivotal time for Laminar as it continues its first-to-market product rollout with the announcement of three new capabilities within the Laminar Cloud Data Security Platform – giving the company a significant lead in the public cloud data security startup race.
Founded in 2020, Laminar’s Cloud Data Security Platform protects data for everything you build and run in the cloud across cloud providers and cloud data warehouses such as Snowflake. The platform autonomously and continuously discovers and classifies new datastores for complete visibility, prioritizes risk based on sensitivity and data risk posture, secures data by remediating weak controls and actively monitors for egress and access anomalies. Designed for the multi cloud, the architecture takes an API-only approach, without any agents, and without sensitive data ever leaving your environment.
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Cybersecurity is more important than ever. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.
And everything is going into the cloud these days. Do you use Google Docs, or any of the other Google services? Well then all of your files are stored in servers located around the world. The same thing is also now true with MS Office which offers customers cloud based software services. Notebook computers have always had a limited storage capacity. And more and more people are switching to tablets which do not offer the same services as a computer. So cloud services will soon be standard.
Oran Avraham, CTO and co-founder of Laminar, said, “Using our red team and in-house cloud security experience, as well as consistent inputs from our prospects and customers, we are continuously enhancing our products at a rate unmatched in the market. We are excited to see what the future holds following these action-packed six months on the market.”