Adlumin, a Washington, DC-based provider of a security and compliance automation platform for the financial sector, raised $6m in Series A funding.
The round was led by Leawood Venture Capital and various other institutional sources including The Independent Community Bankers of America (ICBA).
The company intends to use the funds to accelerate expansion of its Abakis platform.
Led by CEO Robert Johnston, Adlumin provides a security and compliance automation platform in the financial sector for institutions between $100 million to $25 billion in assets. The company looks forward to advancing its patented core banking security technology, unlimited data scalability using a cloud application and compliance solutions– meeting industry requirements.