Lumu | August 08, 2022
Lumu, creators of the Continuous Compromise Assessment cybersecurity model that empowers organizations to measure compromise in real time, today announced it has closed an $8 million investment round, bringing total funding to $15.5 million. Led by Panoramic Ventures, the investment will serve as growth capital for sales and marketing initiatives to further Lumu's mission of helping organizations operate cybersecurity proficiently. Other investors include KnowBe4 Ventures, Lane Bess, former Zscaler and Palo Alto Networks executive, and Tom Noonan, former CEO at Internet Security Systems and the SoftBank Group's SB Opportunity Fund.
"We are excited to continue to support Lumu through this phase of hypergrowth, as organizations across all verticals are realizing the value of measuring compromise within their networks and acting on this factual data immediately," said Paul Judge, Managing Partner of Panoramic Ventures. "The innovation Lumu is bringing to the market is evident and a true game-changer for cybersecurity operations."
Lumu's Continuous Compromise Assessment model enables any organization to measure and understand compromise to close the breach detection gap from months to minutes continuously and intentionally. Teams receive actionable information about who was impacted, when the incident took place and how best to respond before it escalates to a bigger problem. The company has experienced hyper-growth in 2021 and 2022 and now has more than 3,100 organizations using its technology. The Lumu platform has analyzed more than 1 trillion metadata and detected more than 345 million adversarial contacts.
"With today's economy, hiring constraints and the non-stop cyber threats, companies need tools that enable an accurate understanding of, and swift response to, potential attacks. "Our platform provides context at the granular level to understand each and every incident and the specific techniques used by attackers so that cybersecurity operators can mitigate malicious incidents and overall improve their cybersecurity stack. With cybercriminals quick to take advantage of economic downturns, this funding round emphasizes just how critical of a time it is for enterprises to prioritize protection and defense mechanisms."
Ricardo Villadiego, Founder and CEO of Lumu
The capital will also be used to scale the company's initiative to consistently attract exceptional talent to amplify the reach of Lumu's cyber industry-leading resilience message and to build credibility with target audiences to help companies of all sizes and verticals proficiently operate cybersecurity functions.
KnowBe4 is one of the key investors joining Lumu's funding round. The companies will join forces to further their missions of enabling employees and security teams to make smarter security decisions every day.
Miami-based Lumu is founded and led by Ricardo Villadiego, a successful second-time founder who is part of the SB Opportunity Fund's community of visionary Black, Latinx, and Native American entrepreneurs.
Headquartered in Miami, Florida, Lumu is a cybersecurity company focused on helping enterprise organizations illuminate threats and isolate confirmed instances of compromise. Applying principles of Continuous Compromise Assessment, Lumu has built a powerful closed-loop, self-learning solution that helps security teams accelerate compromise detection, gain real-time visibility across their infrastructure, and close the breach detection gap from months to minutes.
Meriplex | July 18, 2022
Meriplex, a nationwide leader in managed cybersecurity and IT solutions, is pleased to announce the asset acquisition of Louisiana-based managed service provider, Verma Systems.
For over 31 years, Verma Systems has been a leading and trusted IT and consulting partner for businesses in Baton Rouge and across Louisiana. They provide personalized solutions to their clients allowing them to leverage IT and technology to enhance business efficiency.
"Verma Systems is an excellent addition to the Meriplex organization. "With their talented team and longstanding reputation in the Louisiana market, we will be able to provide more innovative technology and service offerings to their clients and work towards our goal of being the number one MSP/MSSP in the nation."
David Henley, CEO of Meriplex
"For me, it has always been about the customer and our employees," said Mitch Verma, President of Verma Systems. "Joining forces with Meriplex means we have more resources at our fingertips including additional IT experts, new product lines, and the capability to offer more well-rounded technical solutions. I know the people behind Meriplex, and we share the same core values and work ethic. With their expertise, size and seasoned approach, I am confident we can provide more for our clients and our employees."
As a fast-growing managed services provider, Meriplex focuses on strategically acquiring businesses in leading markets in order to establish a regional presence and acquire talent to support their increasing large organic and inorganic growth. If you are interested in learning more about our M&A process, please reach out to us here.
Meriplex is a managed cybersecurity, IT, and SD-WAN solutions provider that enables transformation by combining secure, innovative technology with advanced expertise. As a trusted partner, we deliver business-driven solutions that provide the scalability and support needed to power growth for organizations.
About Verma Systems
Established in 1991, Verma Systems is a Baton Rouge IT services company specializing in business technology tailored towards the SMB market. With our highly talented and experienced team, we know how to meet business needs by incorporating the right technology solutions to help your company be successful. Our mission is focused on hard work, smart work, and superior customer service.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Xage | August 20, 2022
Xage, the zero trust real-world security company, was recently cited as a Representative Vendor among CPS Protection Platforms in Gartner 2022 Innovation Insight for Cyber-Physical Systems Protection Platforms report. The company was also named in Gartner 2022 Market Guide for Operational Technology Security.
“As organizations connect operational or mission-critical systems, or deploy automation and digital transformation technology, they create cyber-physical systems (CPS) that security and risk management leaders must accommodate. Enter cyber-physical systems protection platforms — new solutions for a new security reality,” said Gartner analysts Katell Thielemann. “The changing technology and threat landscape is forcing security and risk management leaders to think about security differently when it comes to CPS. A new discipline of CPS asset-centric security is evolving, anchored by a new set of CPS protection platform vendors.”
Asset-centric security allows operators to move beyond the old network-centric security model – aiming to keep hackers off the network – to a modern security architecture that protects access to each asset individually regardless of who has network-level presence. In fact, Gartner predicts that through 2025, 70% of companies will deploy CPS protection platforms as the first step in their asset-centric journey.
“An asset-centric approach to access management – implementing strong credentials, password rotation, multi-factor authentication (MFA) and asset-by-asset access control – is critical to protect assets from attack. “Xage has seen in our customer deployments how an asset-centric security approach enables strong zero trust protection which can be achieved without ripping and replacing existing systems and infrastructure.”
Duncan Greatwood, CEO of Xage
Xage helps operators protect their assets using an identity-centric, asset-centric zero trust architecture. Xage’s capabilities include identity-based access management and privilege enforcement, zero trust remote access, multi-layer multi-factor authentication (MFA), and dynamic data security that protects sensitive operational data.
Xage is the first and only zero trust real-world security company. The Xage Fabric accelerates and simplifies the way enterprises secure, manage and transform digital operations across OT, IT, and cloud. Xage solutions include Identity & Access Management (IAM), remote access, and dynamic data security, all powered by the Xage Fabric. To explore how the Xage Fabric can secure and transform your organization, visit Xage.com. Xage is currently offering a free trial for secure remote access to qualified critical infrastructure operators.