Akamai, a global leader in content delivery network (CDN) services, joined a funding round led by YL Ventures, a San Francisco-based venture capital firm led by Yoav Leitersdorf that specializes in Israeli cybersecurity software companies. In conjunction with the deal, Akamai’s vice president and CTO Labs Andy Champagne joined FireLayers’ board as an observer.
The company intends to use the funds to expand sales and marketing, onboard new customers, grow the team and accelerate product roadmap development.
Led by Yair Grindlinger, co-founder and CEO, FireLayers provides a platform that protects enterprise cloud applications and data by combining its threat detection and real-time prevention with risk-based, user-centric mitigations. The solution features analytics, threat detection and prevention, risk-based authentication, user-facing mitigations and other capabilities.
Come out of stealth in February 2014, the company has grown quickly with its solution being used on a daily basis by multiple enterprises from various industries.