OneLayer secures $8.2M seed to improve its cybersecurity platform for 5G enterprise customers

OneLayer secures $8.2M seed to improve its cybersecurity platform for 5G enterprise customers

OneLayer, a Tel Aviv, Israel-based startup, is set to scale its product suite dedicated to private LTE and 5G networks and establish a cyber risk assessment and validation lab after raising $8.2 million in seed funding from various institutions and angel investors. The funding was co-led by Grove Ventures and Viola Ventures along with angel investors who hail from companies such as Orca Security Guardicore, Palo Alto Networks and Epsagon.

In the case of OneLayer, 5G security refers to a combination of asset management and policy enforcement that is tailored to the mobile environment. OneLayer provides real-time visibility into assets and devices connected within the 5G network, detailing the type of device, location and identified vulnerability.

The software-based solution can detect anomalous behavior of devices and traffic in private 5G networks. Zero Trust device connectivity provides authentication while enabling automatic new devices admission and connectivity. OneLayer’s cybersecurity platform has an architecture that can be integrated on-premise or cloud environments.

Through this end-to-end approach to private 5G network security, the company said it aims to give organizations a sense of trust to implement private cellular networks, eliminating the concern for internal expertise on cellular security.

“OneLayer combines our deep knowledge of both cybersecurity and cellular technology and was formed with the mission to help enterprise companies close a significant vulnerability in their networks,” said Dave Mor, co-founder and CEO of OneLayer. “Our solution efficiently and effectively addresses the unique challenges facing cellular security for enterprises, giving our customers the ability to build expansive private networks with the highest levels of security tailored for their specific needs and, and beyond the current standards and capabilities of IT and OT networks.”

Analysis

According to IDC, the demand for private LTE/5G networks is expected to grow to $8.3 billion by 2026 as the adoption and demand for private 5G network increases among enterprises. As cyberattacks are growing exponentially on edge IoT devices, the need for a cybersecurity platform and risk assessment setup will increase, creating more opportunities for OneLayer.

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