Adlumin Snags $70M to Boost Security for Mid-Market Firms

Adlumin Snags $70M to Boost Security for Mid-Market Firms

October 24, 2023 at 01:03PM

Washington DC startup Adlumin has raised $70 million in a Series B funding round, bringing its total raised to $83 million. The company focuses on providing security solutions to small and mid-market organizations, offering a range of tools including SIEM, threat intelligence, and compliance monitoring. Adlumin also offers managed detection and response services and collaborates with service providers.

Adlumin, a Washington DC startup, has secured $70 million in new financing in a Series B funding round. SYN Ventures, a venture capital firm based in Florida, led the round, with participation from First In Ventures, Washington Harbour Partners, and BankTech Ventures. This latest funding brings Adlumin’s total raised to $83 million and solidifies its position in the security operations and MDR (managed detection and response) category.

Adlumin aims to provide enterprise-grade security solutions with simplified pricing to small and mid-market organizations in order to protect them from cyber threats. The company has already gained customers among smaller law firms, banks, financial services firms, schools, manufacturers, and healthcare providers that have often been overlooked by other cybersecurity vendors.

Adlumin’s all-in-one security platform includes various tools such as SIEM, vulnerability scanning, threat intelligence, UEBA threat hunting, honeypots, automated incident response and forensics, darknet exposure monitoring, and compliance reporting and monitoring. Additionally, Adlumin offers its own managed detection and response (MDR) services, providing customers with 24×7 human insights, threat hunting, and trusted support. The company also collaborates with managed service providers (MSPs) and managed security service providers (MSSPs) who utilize its platform to serve their customers.

In related news, Coro recently raised $75 million for its mid-market cybersecurity platform, and Microsoft Defender has announced its focus on the mid-market segment. There are also recommendations on how mid-market enterprises can protect themselves against ransomware attacks.

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