Miami cybersecurity startup Lumu raises $8M, led by Panoramic Ventures

▤ Summary

We help cyber defenders to do a better job of identifying what could do harm to their business.Today, Lumu announced it has closed an $8 million investment round led by Panoramic Ventures. Participants in the round include SoftBank Groups SB Opportunity Fund, KnowBe4 Ventures, Land Bess, a former Zscaler and Palo Alto Networks executive, and Tom Noonan, former CEO at Internet Security Systems. To date, the Lumu platform has analyzed more than 1 trillion metadata and detected more than 345 million adversarial contacts.I think we have demonstrated here that there is a growing conviction that cybersecurity requires a different operation mindset, Villadiego said, leading companies to adopt Lumus Continuous Compromise Assessment model. The latter connects with the rest of a companys cybersecurity stacks to make sure that the system self-regulates, he said.Lumu has grown from about 30 employees last year to about 100 today. Villadiego expects to hire about 40 to 50 employees by the end of 2023.Paul Judge, managing partner of Panoramic Ventures, said Lumus hypergrowth shows that companies across all verticals are realizing the value of measuring compromise within their networks and acting on this data immediately.Said Judge, the innovation Lumu is bringing to the market is evident and a true game-changer for cybersecurity.Follow Nancy Dahlberg on Twitter @ndahlberg and email her at ndahlbergbiz@gmail.com On a wave of growth, Boatsetter rides in a $38M Series B round OneOfs $8M funding round will bring more musicians, athletes and brands to NFT marketplace Halborn secures $90M Series A to keep the blockchain safe Papa, the eldertech unicorn, stands on the shoulders of pioneers to help build Miami into the epicenter of healthtech

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