Lumu, a Miami, FL-baseed creator of the Continuous Compromise Assessment cybersecurity model that empowers organizations to measure compromise in real time, closed an $8m funding round.
The round, which brought total funding to $15.5m, was led by Panoramic Ventures, with participation from KnowBe4 Ventures, Lane Bess, former Zscaler and Palo Alto Networks executive, and Tom Noonan, former CEO at Internet Security Systems and the SoftBank Group’s SB Opportunity Fund.
The company intends to use the funds for sales and marketing initiatives, as well as to hire talent to amplify the reach of its cyber resilience message and to build credibility with target audiences to help companies of all sizes and verticals proficiently operate cybersecurity functions.
Led by Ricardo Villadiego, Founder and CEO, Lumu has pioneered the Continuous Compromise Assessment model, which enables any organization 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 the incident took place and how best to respond before it escalates to a bigger problem. The company has experienced hyper-growth in 2021 and 2022 and now has more than 3,100 organizations using its technology. The platform has analyzed more than 1 trillion metadata and detected more than 345 million adversarial contacts.
Ricardo Villadiego is a second-time founder who is part of the SB Opportunity Fund’s community of Black, Latinx, and Native American entrepreneurs.