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Luminate Security

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

Tel Aviv-Yafo, IsraelFounded 2016Cybersecurity
Valuation $100–250M Last recorded · 2019
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Luminate Security

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.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2016
Headquarters
Tel Aviv-Yafo, Israel
Employees
11
Open positions
None listed
Dealroom signal
59.7/100
Industry
Security
Sub-industry
Device security & Antivirus
Sector
Cloud Security, Identity Management, Data Analytics, Data Protection, Cybersecurity
Client focus
b2b
Investment activity
1 company, latest Feb 2019
Capital deployed
—
Preferred round
ACQUISITION

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Feb 2019 $200M $200M Symantec ↗
SERIES A✓Equity / VC Mar 2018 $11M $44M Aleph —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Luminate Security website traffic

Latest recorded traffic for Luminate Security is 14K monthly website visits, down 17.6% over the last three months. Luminate Security's team declined 31.3% over the past year.

Latest monthly visits14K 3-month web change-17.6% 1-year team growth-31.3%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Other known investors1 additional known investor

  • Symantec
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇮🇱 Israel50%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Luminate Security on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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