- OneLayer has scored $28 million in funding
- SNS Telecom said that it already has 30 private network customers
- The company said that those customers are in North America, Latin America, Europe and the Middle East
Private network security startup OneLayer has scored $28 million in series A funding, led by Maor Investments with participation from McRock Capital, Chevron Technology Ventures and existing backers Viola Ventures, Grove Ventures and Koch Disruptive Technologies.
“Since coming out of stealth in 2022, OneLayer has gone from strength to strength, raising more than $43 million to date,” SNS Telecom & IT 5G research director, Asad Khan, told Fierce.
The security startup’s major rivals include Fortinet, Juniper Networks and Trend Micro.
“The private 5G security startup already counts around 30 private network customers from wide-area networks for utilities and multi-site private network deployments at U.S. manufacturing facilities to mining operations in Latin America,” Khan said.
SNS Telecom & IT said that among the first of the Israeli company's first projects in 2022 involved securing private networks at the Galilee and Baruch Padeh Medical Centers in Israel. Since then, the U.S. has become its largest market, where two of its biggest publicly disclosable clients are Southern Linc and Evergy.
Fixing network blind spots
Forrester Research has said that OneLayer has customers in manufacturing, seaports and airports, oil and gas, logistics and mining. “The majority of enterprises that work with us are based in North America, Latin America, Europe, and the Middle East,” noted Avishag Daniely, VP of product in the company’s blog.
OneLayer’s idea was to enable enterprises that wanted the benefits of private 5G networks to have visibility of every single asset, all together, in one system. This involves doing things like solving the blind spots caused by legacy devices that connect to private cellular networks via cellular routers, which happen because legacy IT systems use IP and MAC addresses, while cellular networks rely on IMSI and IMEI identifiers.
This has led to OneLayer’s security system regularly supporting thousands of devices in a private network environment. “In terms of endpoints, the company's security and asset-management platform is being used to support anywhere from hundreds to around a thousand [devices] for local networks, and up to 2 million for its largest customers,” SNS’s Khan noted.