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HomeNewsTech NewsLaminar, a public cloud security firm, is ending its $37M funding round

Laminar, a public cloud security firm, is ending its $37M funding round

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News Tech: The cloud may be the direction that much of enterprise IT is moving today, but it still remains a major source of security issues, with some 98% of all enterprises in a recent survey reporting that they have contended with a cloud-related security breach in the last 18 months. Today, a startup called Laminar is coming out of stealth with $37 million in funding with a solution to address how that issue plays out in public cloud architecture, specifically with “agent-less” technology it claims can monitor for data leakages, and fix them, faster than other approaches to cloud security on the market.

That`s because the startup has been leaning on Insight Ignite, a division of the VC that pairs portfolio companies with potential customers to grow their business. Laminar says its technology is being tested by “hundreds” of CISOs under the program, and some of them will become real customers when the service goes commercially in 2022. It’s always remarkable when a company that hasn’t launched a product yet, let alone any customers, has successfully raised a significant sum of money.

The funding is being disclosed for the first time now to coincide with the company`s launch, but it actually comes in two tranches: a $32 million Series A led by Insight Partners, with SentinelOne, TLV Partners and Meron Capital participating, and a $5 million seed round. SentinelOne, a specialist in endpoint security, is the obvious strategic investor in that list, but Insight has been a strategic partner of sorts for Tel Aviv-based Laminar, too.

The reasons are often so impressive that the founders themselves are worth betting on, and that’s true of Laminar as well. His co-founders Amit Shaked (CEO) and Oran Avraham (CTO) are both veterans of his Unit 8200. Unit 8200 is a well-known Israeli military intelligence agency and a hotbed for many other entrepreneurs in the country. Childhood friend Avraham is Google’s online his security his contest he led a team he won four times in Capture the Flag and only when he was 17 First vulnerability identified. Shaked worked at Magic Leap for a while.

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