$35 million was received in Series B investment by Lumos, a software startup located in San Francisco, California that helps IT and security teams manage applications and identities centrally.
Investors
- Andreessen Horowitz
- Harpoon Ventures
- Neo
- Scale Venture Partners
Use of funds
The money will be used by the business to grow its identification platform and app.
Lumos has attracted major business clients including Pinterest, MongoDB, and GitHub, and its income has increased ninefold since its previous round.
About Lumos
Lumos is a single command center to find and manage software providers, app access, and user identities. It is led by CEO Andrej Safundzic. This lowers software costs, guards against identity-based threats, and automates IT tickets for enterprises. IT and security teams may combine app and identity management into a single platform by using Lumos. Employees may request software access via a self-service AppStore, which helps IT staff cut down on duplicate and underutilized licensing fees. It also streamlines the onboarding and offboarding process. In the meanwhile, security teams control privileged access by providing temporary admin permissions using Lumos for quarterly access evaluations in compliance with SOX and ISO27001 regulations.
