Lumos, a San Francisco, CA-based software company centralizing the management of apps and identities for IT and security teams, raised $35 million in Series B funding.
Investors
The round was led by Scale Venture Partners, with participation from Andreessen Horowitz, Harpoon Ventures, Neo, and others.
Scale Venture Partners is an early-stage venture capital firm specializing in Series A and Series B rounds. Scale also considers later-stage opportunities, such as Series C and beyond. With the ability to support companies through multiple rounds of financing, Scale aims to help their portfolio companies succeed in an IPO. It was founded in 2000 and is based in Foster City, California.
Lumos Use of Funds
The company will use the funds to expand its app and identity platform.
About Lumos
Lumos is a unified command center to discover and manage software vendors, app access, and user identities. This helps organizations automate IT tickets, protect against identity-based breaches, and decrease software spend. The platform centralizes app and identity management for IT and security teams, reducing costs and enhancing security. The company served top clients like Pinterest and GitHub. By unifying SaaS and Identity Management, Lumos helps streamline operations, meet compliance standards, and optimize costs for enterprises.
Funding Details
Company: Lumos App, Inc.
Raised: $35.0M
Round: Series B
Funding Month: May 2024
Lead Investors: Scale Venture Partners
Additional Investors: Andreessen Horowitz, Harpoon Ventures, Neo
Company Website: https://www.lumos.com/
Software Category: Access Management
Source: https://www.businesswire.com/news/home/20240523314788/en