Cybersecurity startup Blumira raises $15M for its extended detection and response platform
Cybersecurity startup Blumira Inc. today announced that it has raised $15 million in new funding to bolster the launch and development of its new extended detection and response platform.
Founded in 2018, Blumira offers a security information and event management system that aggregates security information from an organization’s threat detection tools and analyzes the data for patterns to find signs of a cyberattack.
SIEM platforms are a dime a dozen, but Blumira stands out because its platform is specifically designed to cater to small to medium-sized enterprises. The company’s platform combines SIEM, endpoint visibility and automated response to help organizations with small information technology teams consolidate tools, reduce complexity and provide insight across their entire environment.
Blumira claims that its platform saves teams time and effort in threat response. A key feature, automated host isolation, enables users to contain an endpoint threat until it can investigate further.
The company has found success with its offering, with 100% year-over-year customer growth, including an eightfold increase in its managed service provider channel. Blumira’s clients include those in manufacturing and healthcare, as well as credit unions, colleges, universities and municipalities. Notable customers include Diraflame Inc., Fechhiemer Brothers Co., National Machinery LLC and Tas United LLC.
“Security remains a significant manual lift for small teams,” Blumira Chief Executive Officer Jim Simpson said ahead of the announcement. “We think there’s a huge opportunity to deliver simplified security for the SMB market, reducing reliance on people to complete manual security tasks to help companies achieve faster time to security.”
Ten Eleven Ventures LLC led the Series B round, with RPS Ventures, Mercury Fund, HPA, and Duo Security co-founder Jon Oberheide also participating. According to data from Crunchbase, Blumira has raised about $28 million to date, including the new round today.
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