Total amount raised
$67 Millions
Latest funding date
06/01/2022
Location
Laminar has successfully raised significant funding over multiple rounds, positioning itself as a notable player in its industry. The platform offers advanced solutions designed to address modern data security challenges.
Keep reading to explore the intricacies of Laminar's fundraising journey and the investors backing this innovative platform.
What Is Laminar?
Laminar operates in the data security and data management industry, providing advanced solutions to help organizations secure their data across various environments. The company focuses on data protection, threat analytics, and security posture management.
While specific details about Laminar's founding year, location, and founder names are not available, the company is known for its commitment to proactive data security measures. Laminar's offerings are designed to minimize the impact of cyber attacks and data breaches, ensuring robust protection for its clients.
How Much Funding Has Laminar Raised?
- Seed Round
- Amount Raised: $5M
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address significant demand for cloud data security solutions and to support the initial product rollout.
- Series A
- Amount Raised: $32M
- Date: November 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address significant demand for cloud data security solutions and to support the initial product rollout.
- Extended Series A
- Amount Raised: $30M
- Date: June 2022
- Lead Investors: Salesforce Ventures, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund faster product innovation, grow sales and marketing to capture market demand, and build out the global team.
Total Amount Raised: $67M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading investment firm known for its focus on private and public companies in the global internet, software, consumer, and financial technology industries. The firm has a strong track record in identifying and investing in high-growth companies.
- Investment Focus Areas: Cybersecurity, software, financial technology
- Notable Investments: SentinelOne, Snyk, Lacework
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. The firm aims to accelerate the growth of the next generation of enterprise technology.
- Investment Focus Areas: Cloud data, cybersecurity, enterprise technology
- Notable Investments: Wiz, Databricks, Snowflake
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. The firm provides capital and strategic support to help companies scale.
- Investment Focus Areas: Software, internet, data
- Notable Investments: Shopify, Twitter, Qualtrics
What's Next for Laminar?
Laminar stands at the cusp of significant growth, driven by the increasing demand for cloud data security solutions. With its recent funding, the company is poised to expand its product capabilities, including support for multi-cloud environments like Microsoft Azure and advanced data-centric security policies. This positions Laminar to capture a substantial share of the market, which has seen over $200 million in combined funding for cloud data security startups.
Future fundraising opportunities appear promising, given the strong backing from high-profile investors such as Tiger Global Management and Salesforce Ventures. These investors' continued interest could lead to additional funding rounds, enabling Laminar to accelerate its innovation and market penetration. However, the company will need to navigate challenges such as intense competition and the need to keep pace with rapid technological advancements.
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