Blumira has made headlines by raising a $15m Series B funding round and simultaneously launching its XDR platform for SMEs.
The latest funding injection was spearheaded by Ten Eleven Ventures and saw participation from RPS Ventures, Mercury Fund, HPA, and Duo Security co-founder Jon Oberheide. The robust financial support showcases the industry’s trust in Blumira’s vision to democratise enterprise-level security.
At its core, Blumira’s XDR platform amalgamates SIEM, endpoint visibility, and automated response to facilitate the consolidation of tools, reduce complexity, and broaden insight across the entire business environment for lean IT teams. The ultimate goal is to quicken response times through automation.
In the wake of this fundraising announcement, Blumira has outlined plans to utilise the newfound capital to further streamline security for the SMB market. The aim is to alleviate the manual security burden on small teams, making security more accessible and efficient for businesses of all sizes.
Blumira’s XDR platform provides an invaluable service to IT teams by saving time and effort in threat response. Its host isolation feature enables immediate containment of an endpoint threat pending further investigation, thus ensuring a speedy and effective response to potential threats.
Blumira CEO Jim Simpson enthused about the Series B funding and the concurrent launch of the XDR platform, stating, “We are excited to announce the launch of our open XDR platform for small and medium-sized businesses alongside our Series B fundraising announcement. 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.”
The company’s exceptional year-on-year growth, boasting 100% customer growth and an 8-fold expansion in the MSP channel, underlines the need for and acceptance of their services across numerous sectors. This includes the manufacturing and healthcare industries, and even credit unions, colleges, universities, and municipalities.
Blumira is confidently leading the charge into a new era of security for SMBs across the globe. As businesses of all sizes continue to recognise the importance of comprehensive security measures, Blumira is primed and ready to support their mission-critical operations.
The Cyber Threat Alliance (CTA), a non-profit organisation committed to enhancing the cybersecurity of the global digital ecosystem, has announced the receipt of a substantial grant.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
