Lightspin, the next-generation cloud security platform, has raised $16 million Series A funding in a round led by Dell Technologies Capital with participation from existing investor Ibex Investors. This round brings total funding to date to $20 million.
According to the company, this new investment will fuel cross-function innovation and growth as the company plans to triple the current number of employees, while maintaining its commitment to gender balance across all departments. New hiring will be divided between Israel and the US.
Founded in 2020, Lightspin has developed a context-based cloud security platform for cloud-native and Kubernetes environments. The platform provides a full contextual view of all cloud assets and relationships, maps the potential attack paths, and prioritizes and remediates the most critical security issues from build to runtime.
“Receiving this recognition from Dell Technologies Capital, a preeminent investor in fellow startups that are revolutionizing the cloud security space, such as Zscaler, Netskope, Twistlock and Redlock, as well as from Ibex Investors, who invested in Dome9, is a strong endorsement of Lightspin’s cutting-edge approach,” said Vladi Sandler, CEO and Co-Founder of Lightspin.
Deployed in companies ranging from startups to Fortune 500 corporations, Lightspin has been experiencing exceptional market growth.