Lumos, a San Francisco, CA-based software company centralizing the management of apps and identities for IT and security teams, raised $35M in Series B financing.
The round was led by Scale Venture Partners with participation from Andreessen Horowitz, Harpoon Ventures, Neo and others.
The company intends to use the funds to expand its app and identity platform.
Led by Andrej Safundzic, CEO, Lumos is a unified command center to discover and manage software vendors, app access and user identities. This helps organizations automate IT tickets, protect against identity-based breaches and decrease software spend. With Lumos, both IT and Security teams can centralize app and identity management in one platform. It helps IT teams streamline onboarding and offboarding, reduce software costs by eliminating unused licenses and duplicates, and allows employees to request software access through a self-service AppStore. Meanwhile, security teams use Lumos for quarterly access reviews to meet SOX and ISO27001 standards and manage privileged access by granting temporary admin rights.
Lumos revenue has grown 9x since its last fundraise, and has won over top enterprise customers like Pinterest, MongoDB, and GitHub.
FinSMEs
23/05/2024