Lumu, a Miami, FL-based Continuous Compromise Assessment cybersecurity company, closed its $7.5m Series A round of funding.
The round was co-led by SoftBank Group Corp’s SB Opportunity Fund and Panoramic Ventures. ISS former CEO Tom Noonan and Palo Alto Networks former CEO Lane Bess, are also part of the round. Lumu also announced that Dr. Paul Judge, Managing Partner of Panoramic Ventures and a member of SB Opportunity Fund’s Investment Committee, has joined the company’s board.
The company intends to use the funds for sales and marketing initiatives, and additional research and development.
Founded by cybersecurity veteran Ricardo Villadiego who previously founded Easy Solutions which was acquired by BC Partners and Medina Capital in 2016, Lumu is a cloud-based solution that collects and standardizes metadata from across the network, including DNS queries, Network Flows, access logs from perimeter proxies and/or firewalls, and spam box filters, and then applies Artificial Intelligence to correlate threat intelligence from these disparate data sources to isolate confirmed points of compromise.
Since officially launching at the RSA Conference in February 2020, more than 1,300 customers across a range of industries and geographies have signed up for Lumu’s offering and adopted its model of Continuous Compromise Assessment. During this time, the platform has analyzed more than 55 billion metadata records and detected more than 11 million adversarial contacts.