Lumu, a Miami, FL-based creator of the Continuous Compromise Assessment cybersecurity model that empowers organizations to measure compromise in real-time, announced that it closed an $8 million investment round, bringing total funding to $15.5 million.
The round was led by Panoramic Ventures. Other investors include KnowBe4 Ventures; Lane Bess, former Zscaler and Palo Alto Networks executive; Tom Noonan, former CEO of Internet Security Systems; and the SoftBank Group's SB Opportunity Fund.
The investment will serve as growth capital for sales and marketing initiatives to further Lumu's mission of helping organizations operate cybersecurity proficiently.
The capital will also be used to scale the company's initiative to consistently attract exceptional talent to amplify the reach of Lumu's cyber industry-leading resilience message and to build credibility with target audiences to help companies of all sizes and verticals proficiently operate cybersecurity functions.
Company: Lumu Technologies Inc.
Funding Month: Aug 2022
Lead Investors: Panoramic Ventures
Additional Investors: KnowBe4 Ventures, Lane Bess, former Zscaler and Palo Alto Networks executive, and Tom Noonan
Company Website: https://lumu.io/
Software Category: cybersecurity
About the Company: Founded and led by Ricardo Villadiego, Lumu is a cybersecurity company focused on helping enterprise organizations illuminate threats and isolate confirmed instances of compromise. Applying principles of Continuous Compromise Assessment, Lumu has built a powerful closed-loop, self-learning solution that helps security teams accelerate compromise detection, gain real-time visibility across their infrastructure, and close the breach detection gap from months to minutes. The company has experienced hyper-growth in 2021 and 2022 and now has more than 3,100 organizations using its technology. The Lumu platform has analyzed more than 1 trillion metadata and detected more than 345 million adversarial contacts.