Luminate Security

Company Overview

Snapshot

Founded in November 2016 by Ofer Smadari, Eldad Livni, and Leonid Belkind, Luminate Security operated with 11–50 employees. The company raised $14 million across one funding round from 2 investors. In February 2019, Luminate Security was acquired by Symantec, marking a significant exit for the company.

Business overview

Luminate Security provides secure access solutions for corporate applications and services within hybrid cloud environments. Its software-as-a-service platform leverages software-defined perimeter principles to enable secure access to applications hosted across various infrastructures, including IaaS, PaaS, hosting, and hybrid cloud data centers. The company's clientless solution is designed for rapid deployment, offering enhanced security and insights for actions performed within corporate applications and services, primarily serving enterprises in the Cyber Security sector.

Strategic signal

Luminate Security's acquisition by Symantec in February 2019 represented a strategic move by Symantec to enhance its cloud security offerings with Luminate's software-defined perimeter and zero-trust technology. This acquisition underscored the increasing importance of secure access solutions in hybrid cloud environments and signaled a consolidation trend in the cybersecurity market, with larger players integrating innovative technologies to extend their integrated cyber defense capabilities.

Company Intelligence Q&A

When was Luminate Security acquired?

Luminate Security was acquired by Symantec in February 2019.

What was a key strategic partnership for Luminate Security?

In July 2018, Luminate Security announced the full integration of its agentless Secure Access Cloud platform with Microsoft Azure, offering seamless and secured access to hosted corporate applications.

What recognition did Luminate Security receive in 2018?

In May 2018, Luminate Security was recognized as a Cool Vendor in Cloud Security by Gartner for its Secure Access Cloud platform.

When did Luminate Security emerge from stealth and announce funding?

In March 2018, Luminate Security emerged from stealth mode and announced $14 million in combined Series A and seed funding from investors including U.S. Venture Partners and Aleph.

What is the core technology of Luminate Security?

Luminate Security's core technology is a software-as-a-service platform based on software-defined perimeter principles, providing secure access to corporate applications in hybrid cloud environments.