Luminate Security, a Palo Alto, California- and Tel Aviv, Israel-based provider of an universal platform for access to corporate applications in hybrid clouds, emerged from stealth and announced a total of $14M in combined round A and seed funding.
Backers included U.S. Venture Partners, Aleph Venture Capital, along with the ScaleUp program of Microsoft for startups. In conjunction with the funding, USVP’s Jacques Benkoski and Aleph’s Aaron Rosenson joined Luminate’s board of directors.
The company intends to use the funds to expand its operations in the United States and developing its channels and customer base.
Founded in January 2017 by cyber security veterans Ofer Smadari, Leonid Belkind, and Eldad Livni, Luminate is a software-as-a-service security platform that allows CISOs, CIOs and CTOs to securely manage access to all their corporate resources from any device anywhere in the world.
Based on Software Defined Perimeter principles, the platform gives users one-time access to the requested application while all other corporate resources are cloaked without granting access to the entire network. This prevents any lateral movements to other network resources and eliminates the risk of network-based attacks.
Luminate seamlessly integrates with all cloud Infrastructure-as-a-Service and on-premises data center technologies. The user experiences the freedom to access any application, wherever it is hosted, from whatever device or location worldwide, through a consistent, cloud-native user experience.
The company, which has spent the last 14 months developing and deploying its software, is now emerging from stealth with production-grade paying enterprise customers, including international financial, technology, and consumer services enterprises.