Total amount raised
$67 Million
Latest funding date
06/01/2022
Location
Laminar has successfully navigated three funding rounds, with notable investors such as Tiger Global Management and Salesforce Ventures. The company specializes in Public Cloud Data Protection SaaS solutions, providing data leakage protection for cloud-based operations.
Keep reading to explore the intricacies of Laminar's fundraising journey and the investors backing this innovative platform.
What Is Laminar?
Laminar, based in Tel Aviv, Israel, specializes in Public Cloud Data Protection SaaS solutions, offering data leakage protection for cloud-based operations. The company operates within the Cloud Infrastructure, Cyber Security, and SaaS industries.
With an employee count ranging from 51 to 100, Laminar has successfully raised funding through three rounds, including a Series A round. The company has been acquired by Rubrik, a leader in data security and cloud data management.
How Much Funding Has Laminar Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: November 2021
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The initial funding was likely aimed at developing and launching Laminar's cloud data security solutions.
- Series A Round
- Amount Raised: USD 32,000,000
- Date: November 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was likely aimed at scaling the company's operations and enhancing its product offerings.
- Extended Series A Round
- Amount Raised: USD 30,000,000
- Date: June 2022
- Lead Investors: Salesforce Ventures, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The additional funding was raised to fund faster product innovation, grow sales and marketing efforts, and build out the global team.
Total Amount Raised: USD 67,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. They have a strong track record in supporting innovative cloud-based solutions.
- Investment Focus Areas: Cloud computing, enterprise software, cybersecurity
- Notable Investments: Wiz, Databricks, Snowflake
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology sector. They are known for their significant investments in high-growth companies.
- Investment Focus Areas: Technology, cybersecurity, e-commerce
- Notable Investments: SentinelOne, Snyk, Lacework
- TLV Partners
- Details: TLV Partners is an Israeli venture capital firm that invests in early-stage technology companies. They focus on helping startups scale and succeed globally.
- Investment Focus Areas: Technology, cybersecurity, SaaS
- Notable Investments: Not publicly disclosed
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. They provide strategic guidance to help companies scale.
- Investment Focus Areas: Software, internet, data
- Notable Investments: Not publicly disclosed
What's Next for Laminar?
Laminar stands at the cusp of significant growth, driven by the increasing demand for cloud data security solutions. With the recent funding, the company is poised to expand its product capabilities, including support for Microsoft Azure and advanced data-centric security policies. This positions Laminar to capture a substantial share of the rapidly growing market.
Future fundraising opportunities appear promising, given the strong backing from high-profile investors like Tiger Global Management and Salesforce Ventures. These investors' continued interest could lead to additional funding rounds, further fueling Laminar's innovation and market expansion.
However, Laminar faces challenges such as intense competition and the need to keep pace with rapid technological advancements. Ensuring compliance with industry standards and managing multi-cloud complexities will be crucial as the company navigates its growth trajectory.
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