Akamai strengthens AI browser security with USD205m LayerX acquisition
Akamai Technologies has completed its acquisition of LayerX, an Israeli secure enterprise browser company, for approximately USD 205 million.
LayerX’s technology helps enterprises secure employee access to SaaS applications, web activity, and generative AI tools directly through the browser. The acquisition is intended to advance Akamai’s workforce security strategy by adding AI usage control, browser-level threat protection, and visibility into employee interactions with web-based tools.
Akamai said the LayerX business is expected to have approximately USD 10 million in annual recurring revenue by year-end 2026. The acquisition expands Akamai’s security portfolio as enterprises look to manage risks tied to AI adoption, browser-based work, and cloud application usage.
Shibolet represented LayerX, led by Ofer Ben-Yehuda, Yoav Manor, Vered Meller, Shir Sela Pinhas, Adi El-Rom, Meyrav Oren, Kobi Winekrantz, Hemi Dagan, Aryeh Singer, Keren Shav-Artza, Noa Kovanski, and Tal Reznik.
Pillsbury acted as US counsel for LayerX on the transaction, spearheaded by Jessica Lutrin, Ryan Kenny, Rebecca Carr Rizzo, Nora Burke, and Ari Berman.
Erdinast, Ben Nathan, Toledano advised LayerX investor Jump Capital on the deal, with a team of Roy Caner, Jonathan Achiron, Shahar Amshalom, Eran Lempert, and Dor Tfilin.
WilmerHale advised Akamai Technologies.
