Adlumin, a Washington, DC-based security operations platform and managed detection and response (MDR) provider, closed $70 million Series B funding, bringing its total raised since inception to $83 million.
SaaS Investors
The round was led by SYN Ventures, with participation from First In Ventures, Washington Harbour Partners, and BankTech Ventures.
SYN Ventures is a venture capital firm focused on investing in disruptive and innovative security companies in the cybersecurity, industrial security, national defense, privacy, regulatory compliance, and data governance industries. Founded in 2021 and based in West Palm Beach, Florida.
Adlumin Use of Funds
The company will use the funds to accelerate its growth and help meet the demand for mid-market organizations seeking an enterprise-grade security solution to defend against threats.
The company aims to empower service providers who can deliver expert support to organizations struggling to staff their cybersecurity teams with qualified professionals.
About Adlumin
Adlumin provides an enterprise-grade security operations platform and managed detection and response services that keep mid-market organizations secure. With one license and one platform, Adlumin’s patented technology and seamless integrations provide everything organizations need for effective threat hunting, incident response, vulnerability management, darknet exposure monitoring, compliance support, and more. Adlumin is feature-rich enough for organizations with in-house expertise to operate independently, yet purpose-built to enhance collaboration with and provide full, real-time visibility from trusted service providers.
Funding Details
Company: Adlumin, Inc.
Raised: $70.0M
Round: Series B
Funding Month: October 2023
Lead Investors: SYN Ventures
Additional Investor: First In Ventures, Washington Harbour Partners, BankTech Ventures
Company Website: https://adlumin.com/
Software Category: Security Operations Platform and Managed Detection and Response (MDR)
Source: https://www.businesswire.com/news/home/20231024681392/en/