Lumeus.ai, a visibility-first Zero Trust networking platform, has announced its official launch, backed by $6 million in seed funding. The funding round was led by Tola Capital, with participation from pre-seed investors Emergent Ventures and First Rays Ventures. Co-founded by Satish Veerapuneni and Saurabh Jain, Lumeus.ai aims to assist distributed enterprises in modernizing their network security while leveraging their existing infrastructure.
Many businesses struggle with comprehensive network visibility and control across branches, campuses, and cloud environments. Last year witnessed a significant surge in ransomware attacks, equivalent to the combined numbers of the previous five years, as reported by Verizon. However, there is a way to mitigate such risks. According to IBM, organizations with mature Zero Trust programs save an average of $1.5 million per breach. This highlights the importance of implementing a Zero Trust approach effectively to minimize the risk of breaches and protect infrastructure.
Lumeus.ai, launching today, offers a Universal Zero Trust platform that leverages artificial intelligence and machine learning to enhance visibility from campus to cloud, authorize resource access, and segment network traffic to prevent lateral movement. One of the platform’s key advantages is its seamless integration with existing infrastructure, requiring no agents to be installed on endpoints, enabling organizations to derive value from day one.
“Our goal is to simplify network visualization, access authorization, and traffic segmentation for our customers, ultimately reducing the risk of breaches and improving experiences, all while maintaining a lower total cost of ownership through a unified policy engine,” said Satish Veerapuneni, Co-Founder, and CEO of Lumeus.ai. “We are excited to have Tola Capital as our top-tier partner, leveraging their expertise in the IT and Security space.”
“There is a significant opportunity right now for AI and Zero Trust networking to secure organizations in the cloud era. The Lumeus.ai team has the right expertise to address this market, and we are thrilled to guide their go-to-market efforts,” added Will Coggins, Vice President at Tola Capital.
Lumeus.ai’s new platform enables customers to:
- Provision Zero Trust Network Access, Zero Trust Segmentation, and Application Experience Management without installing agents on endpoints.
- Consolidate three or more management consoles, reducing complexity for teams.
- Achieve cost savings of up to 50% while leveraging their existing infrastructure.
The capital raised in this funding round will support Lumeus.ai’s product expansion and the growth of its go-to-market teams in the United States and India.
