Laminar, a public cloud data security provider, announced an additional $30 million in funding, to reach $67 million in less than six months on the back of demand for its solutions. The funding, with participation from Tiger Global Management and Salesforce Ventures, follows seed and initial Series A investments of $37 million last November.
The funding comes at a pivotal time for Laminar as it continues its rollout with the announcement of three additional capabilities within the Laminar Cloud Data Security Platform.
Since emerging from stealth last fall, Laminar has seen demand from CISOs and their security teams for its cloud data security solutions, which is driving investor excitement. Including Laminar’s $67 million of venture capital.
“The growing number of players in our space is exciting as it drives us to further innovate with both speed and quality. A rising tide lifts all boats. Hence, the more cybersecurity and cloud leaders learn that there are products out there that solve their greatest public cloud data challenges, the more we all win,” said Amit Shaked, CEO and co-founder, Laminar.
The latest round will be used to fund product innovation, to grow sales and marketing to capture the market demand and for the buildout of its global team. Laminar’s new investors bring expertise to aid the company on its journey.
Tiger Global Management has a track record of spotting the next big names in cybersecurity, including SentinelOne, Snyk and Lacework. Salesforce Ventures is a major cloud data and cybersecurity investor with a mission to bring trust to the cloud industry with strategic investments in companies like Wiz, Databricks and Snowflake.
In addition to adding funding, Laminar continues to innovate for customers by adding capabilities within the Laminar Cloud Data Security Platform and the completion of its SOC 2 Type II certification, which ensures compliance with leading industry standards for managing data, privacy, and security. The additional capabilities are:
- Added support for Microsoft Azure
- A full suite of data-centric security policies
- The ability to discover and classify data in self-hosted, embedded databases
To learn more about Laminar and receive a personalized product demo, click here.
