Blumira Raises $15 Million in Series B

by Kay Aloha Villamor in June 8th, 2023

Blumira, an Ann Arbor, Michigan-based company provider of detection and response technology, raised $15 million in Series B financing.

The company also announced the launch of its XDR platform to provide enterprise-level security for small to medium businesses (SMBs).

The round was led by Ten Eleven Ventures and joined by RPS Ventures, Mercury Fund, HPA, and Duo Security co-founder Jon Oberheide.

Blumira's XDR platform combines SIEM, endpoint visibility, and automated response to help organizations with lean IT teams consolidate tools, reduce complexity, integrate broadly to provide insight across their entire environment, and use automation to speed up the response.

"We are excited to announce the launch of our open XDR platform for small and medium-sized businesses alongside our Series B fundraising announcement. Security remains a significant manual lift for small teams. We think there's a huge opportunity to deliver simplified security for the SMB market, reducing reliance on people to complete manual security tasks to help companies achieve faster time to security," said Blumira CEO Jim Simpson and former Director of Product Management, Duo Security. "We meet customers where they are by offering a full range of detection and response options, from our Free SIEM to our all-in-one XDR solution, which eliminates redundancies and provides full hybrid coverage."

With today's announcements, Blumira is ushering in a new era of security for small and medium businesses worldwide. The company is poised to continue its impressive growth trajectory as more companies realize how enabling security is mission-critical for their business operations, regardless of size or budget constraints.

Company: Blumira, Inc.

Raised: $15.0M

Round: Series B

Funding Month: June 2023

Lead Investors: Ten Eleven Ventures

Additional Investors: RPS Ventures, Mercury Fund, HPA, and Jon Oberheide

Company Website: https://www.blumira.com/

Software Category: Security Information and Event Management (SIEM) Software

About the Company: Founded in 2018, Blumira is a cybersecurity provider that helps SMBs and mid-market companies detect and respond to security threats. Blumira's end-to-end platform offers both automated threat detection and response, enabling organizations of any size to defend against cyber security threats in near real-time. Blumira's open XDR platform makes advanced detection and response easy and effective for small and medium-sized businesses, accelerating ransomware and breach prevention for hybrid environments. Time-strapped IT teams and Managed Service Providers (MSPs) can do more with one solution that combines SIEM, endpoint visibility, and automated response.


Source: https://www.blumira.com/series-b-funding/



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