What's Happening?
OneLayer, a US-Israeli private 5G security startup, has secured $28 million in Series A funding to expand its operations globally. The funding round was led by Maor Investments, with participation from
McRock Capital, Chevron Technology Ventures, and existing investors. OneLayer aims to enhance security for private 5G networks, which are increasingly being adopted by industrial enterprises. The company plans to use the funds to expand its presence in North America, Europe, and Latin America, and to further develop its security solutions for private LTE and 5G networks. OneLayer's mission is to integrate cellular networks into enterprise environments, providing critical device security and control.
Why It's Important?
The expansion of OneLayer's operations is significant as it addresses the growing demand for secure private 5G networks in industrial sectors. As industries increasingly rely on private 5G for connectivity, the need for robust security solutions becomes paramount. OneLayer's approach to embedding security early in network deployment can prevent costly delays and enhance operational efficiency. This development is crucial for industries such as manufacturing, utilities, and mining, where secure and reliable connectivity is essential for operations. The funding will enable OneLayer to scale its solutions globally, potentially setting a standard for security in private 5G networks.
What's Next?
With the new funding, OneLayer plans to expand its team and enhance its product capabilities. The company aims to double its workforce and establish regional teams in key markets to support growing demand. OneLayer will focus on accelerating its go-to-market strategy, expanding partnerships with enterprises, and enhancing its platform to address operational challenges. The company is poised to become a leading player in private 5G security, with ambitions to be synonymous with cellular device security in the enterprise space. As private 5G adoption continues to rise, OneLayer's solutions could become integral to network security strategies.
Beyond the Headlines
The rise of private 5G networks represents a shift in how industries approach connectivity and security. OneLayer's focus on device visibility and security integration highlights the evolving landscape of industrial networks. The company's approach to bridging IT and OT environments could lead to new standards in network security, influencing how enterprises design and deploy private networks. As industries continue to modernize, the role of security startups like OneLayer will be critical in ensuring the safe and efficient operation of connected devices.
