UPDATED 19:21 EDT / OCTOBER 24 2023


Security operations platform startup Adlumin raises $70M to accelerate growth

Security operations platform startup Adlumin Inc. announced today that it has raised $70 million in new funding to accelerate growth and meet demand from small and midmarket organizations that need enterprise-grade defense.

Founded in 2016, Adlumin offers an enterprise-grade security operations platform and managed detection and response services that are designed to keep midmarket organizations secure. The platform offers a wide range of cybersecurity services that are claimed to provide organizations with everything they need for sophisticated enterprise-grade security.

Provided services include security information and event management, vulnerability scanning, threat intelligence, user and entry behavior analytics threat hunting, honeypots, automated incident response and forensics, darknet exposure monitoring, compliance reporting and monitoring through one license and platform.

Adlumin is integrated with solutions that augment its capabilities and can be easily integrated with others. The company says this comprehensive approach makes cybersecurity simple and cost-effective for midmarket organizations that have been mired by the sprawl of different point solutions.

The platform has been specifically built to enhance collaboration with service providers to deliver expert support that is difficult for organizations to hire and retain on their own. Adlumin offers managed detection and response services that provide customers with 24×7 human insights, threat hunting and trusted support and also works closely with managed service providers and managed security service providers who use its platform to serve their customers.

“With a significant cybersecurity skills gap, hiring the right people is an expensive, challenging and sometimes impossible task for small and mid-sized organizations who are competing with big government and businesses for talent,” Robert Johnston, founder and chief executive officer of Adlumin, said in a statement. “This is why empowering service providers – whose expertise can be multiplied across several organizations – will be essential to securing mid-market organizations, and why we built a platform that does exactly that.”

SYN Ventures LLC led the Series B round, with First In Ventures LLC, Washington Harbour Partners LLC and BankTech Ventures LLC also participating. Including the new funding, Adlumin has raised $83 million to date.

Image: Adlumin

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