Adlumin, a leading cybersecurity firm specializing in security operations and managed detection and response, has successfully raised $70 million in a Series B funding round. The funding, led by SYN Ventures and supported by First In Ventures, Washington Harbour Partners, and BankTech Ventures, brings Adlumin’s total funding since inception to $83 million.
This funding round is crucial for Adlumin as it gears up to cater to the increasing demand from small and mid-market organizations seeking advanced cybersecurity solutions. These organizations often struggle to access enterprise-grade security, and Adlumin aims to bridge this gap with its innovative platform.
Adlumin’s unique platform provides everything organizations need for robust cybersecurity, including Security Information and Event Management (SIEM), vulnerability scanning, threat intelligence, User and Entity Behavior Analytics (UEBA), automated incident response, and compliance reporting. What sets Adlumin apart is its holistic approach—providing all these services through a single license and platform.
The cybersecurity landscape is evolving rapidly, with threats becoming more sophisticated and pervasive. Adlumin’s platform offers a comprehensive solution that simplifies the complexities of cybersecurity for mid-sized enterprises. The funding will be instrumental in Adlumin’s mission to empower organizations with affordable, efficient, and effective cybersecurity measures.
Ryan Blake, VP and Director of Information Technology at Blue Ridge Bank, expressed his confidence in Adlumin’s services, highlighting the peace of mind the platform brings. Adlumin not only delivers cutting-edge technology but also provides invaluable support, ensuring its clients are on par with larger businesses in terms of security.
Adlumin’s platform is designed not only for self-operation but also to enhance collaboration with service providers. This approach addresses the challenges faced by organizations in hiring and retaining cybersecurity experts. By partnering with managed service providers (MSPs) and managed security service providers (MSSPs), Adlumin extends its expertise to a broader client base.
Robert Johnston, Adlumin’s founder and CEO, emphasized the significance of empowering service providers to tackle the cybersecurity skills gap. This funding will enable Adlumin to strengthen its partnerships, innovate its offerings, and better cater to the evolving needs of its partners and end-users. With its new financial backing, Adlumin is poised to fortify its position as a key player in the cybersecurity landscape, ensuring that mid-market organizations have access to top-tier cybersecurity solutions.
