Luminate Security

Luminate Security

Enables enterprises to provide secure access to their corporate applications and services.

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$200m

Valuation: $200m

Acquisition
Total Funding000k
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Luminate Security, established in 2017 by co-founders Ofer Smadari, Leonid Belkind, and Eldad Livni, emerged as a specialized player in the cybersecurity sector, focusing on securing corporate applications and services. The company's leadership team brought considerable experience to the venture; Ofer Smadari, the CEO, previously co-founded and led another security company, while Leonid Belkind, the CTO, possessed a deep background in software engineering and cybersecurity research. Eldad Livni, the CPO, had a track record in product management within the security space. This collective expertise shaped Luminate's core mission to simplify secure access for the modern, distributed workforce.

The company developed a platform centered on the principles of Zero Trust Network Access (ZTNA). This approach operates on the tenet of "never trust, always verify," granting employees and third-party users access to specific corporate applications on a need-to-know basis, rather than providing broad access to the entire corporate network. Luminate's solution was designed to be agentless, meaning users could access applications through a web browser without needing to install any software on their devices, which streamlined deployment and user experience. The platform integrated with various cloud environments, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform, as well as on-premise infrastructure.

Luminate's business model targeted enterprises looking to move away from traditional VPNs, offering a more granular and secure method for managing application access for a geographically dispersed user base. The platform aimed to provide secure, direct access to any application, hosted anywhere, from any device. In a significant milestone for the startup, Luminate Security was acquired by Symantec in February 2019. This acquisition integrated Luminate's ZTNA technology into Symantec's broader Integrated Cyber Defense Platform, demonstrating the strategic value of its access management solution in the evolving cybersecurity landscape.

Keywords: Zero Trust, ZTNA, cybersecurity, secure access, cloud security, application security, network security, identity management, enterprise software, Symantec acquisition

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Investments by Luminate Security

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Symantec
ACQUISITION by Broadcom Aug 2019