Lumu, which develops a continuous compliance assessment cybersecurity model, has closed its funding round on $8m.
Panoramic Ventures led the round. Contributions also came from KnowBe4 Ventures, former Zscaler and Palo Alto Networks executive Lane Bess and former CEO at Internet Security Systems Tom Noonan.
The capital will enable Lumu to bolster its sales and marketing initiatives. Funds will also help Lumu attract more staff.
Based in Florida, Lumu’s Continuous Compromise Assessment model enables any organisation to measure and understand compromise to close the breach detection gap from months to minutes continuously and intentionally.
Teams receive actionable information about who was impacted, when it happened and how to respond. Currently, 3,100 organisations use the platform.
Lumu founder and CEO Ricardo Villadiego said, “With today’s economy, hiring constraints and the non-stop cyber threats, companies need tools that enable an accurate understanding of, and swift response to, potential attacks.
“Our platform provides context at the granular level to understand each and every incident and the specific techniques used by attackers so that cybersecurity operators can mitigate malicious incidents and overall improve their cybersecurity stack. With cybercriminals quick to take advantage of economic downturns, this funding round emphasises just how critical of a time it is for enterprises to prioritise protection and defence mechanisms.”
Lumu has raised a total of $15.5m in funding, to-date. It previously raised $7.5m in its Series A round in March 2021.
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