Lumu, the creators of the Continuous Compromise Assessment cybersecurity model, have announced the successful closure of a Series B funding round, raising $30 million. The investment was led by Forgepoint Capital, with participation from existing investors BIP Ventures, Exceptional Capital, and SIMMA Capital. The total funding raised by Lumu now stands at $38 million. As enterprises and managed service providers struggle to deal with a variety of cybersecurity solutions, Lumu’s model offers a comprehensive approach to combatting attacks. By continuously monitoring network traffic, Lumu provides real-time visibility across all assets, allowing analysts to effectively identify and respond to threats using their current security systems. Lumu’s model is designed to help minimize the impact of cybercrime on organizations of all sizes and industries. The addition of Leo Casusol, Managing Director of Forgepoint Capital, to Lumu’s Board of Directors is seen as a significant development. Casusol commented on the importance of Lumu’s network-centric approach and its ability to integrate with other defense tools. Lumu plans to use the funding to expand its global sales and go-to-market strategy, as well as to enhance its research and development efforts to further differentiate itself in the market. Lumu’s founder and CEO, Ricardo Villadiego, believes that a paradigm shift in cybersecurity is necessary, and he is pleased to see both the market and investors recognizing Lumu’s innovative approach to threat detection and response.
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