OneLayer rises from stealth with $8.2m seed raise

OneLayer, a firm looking to provide security for the private 5G network market, has emerged from stealth with a $8.2m seed financing haul.

The round was headed by Grove Ventures and Viola Ventures and saw participation from angel investors such as Orca Security CEO and founder Avi Shua and Guardicore founder Ariel Zeitlin.

According to Security Week, OneLayer’s mission is to add security to the expanding market for private 5G networks. The company’s technology integrates with IT network security and it partnered in its backend with solutions that provide security for the IT network and it integrates on the other side with the cellular core.

The company will use the funding to build its product suite and deploy it for customers worldwide. It also intends to create a cyber risk assessment and validation lab based on private LTE and 5G technology in collaboration with Tier 1 players.

OneLayer CEO and co-founder Dave Mor said, “IOT domains have more devices, and more new use cases for devices.“It’s a new type of traffic communication. In the past, IOT devices only transmitted alarms. Now, with machine learning and AI, we have a data processing element to the connectivity for remote control of autonomous devices. All of this requires better data processing capabilities and much better connectivity. Cellular networks traditionally have limited connectivity capabilities.”

While many enterprises commonly had three kinds of network – IT, OT and cloud – there is now a new kind in the form of private cellular.

Mor continued, “But for decades security tools have concentrated on IT networks, providing visibility and zero trust and policy and detection, etcetera. The challenge for private 5G is that those solutions are tailored for IT networks and are mostly not applicable to a cellular network. So, if you have a private 5G network, you also have several gaps — and that’s what OneLayer seeks to provide: visibility, policies, detection, zero trust and more.

“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,” he added. “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 beyond the current standards and capabilities of IT and OT networks.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.