Afro Latinx-Owned Cybersecurity Startup Raises $8M

Miami-based cybersecurity startup, Lumu, has closed an $8 million investment round. The funding round led by Panoramic Ventures also included SoftBank Group’s SB Opportunity Fund, KnowBe4 Ventures, Land Bess, a former Zscaler, and Tom Noonan, former CEO at Internet Security Systems. 

Lumu, founded in 2019 by Ricardo Villadiego, is a cybersecurity company that helps businesses identify and isolate cyber-compromise in real-time. The platform identifies and isolates potential threats, attacks, and adversaries affecting enterprises. As more nation-state criminal groups continue targeting everything from business IP to government secrets, Lumu’s services have proven to be highly beneficial. Companies of all sizes can use the platform’s tools to understand a potential attack in real-time accurately. 

“Cyber adversaries are forcing companies of all sizes to do a better job, and Lumu is the company that is helping any organization to do so,” said founder and CEO of Lumu, Ricardo Villadiego in an interview with Refresh Miami. 

“We help cyber defenders to do a better job of identifying what could do harm to their business.” 

According to their website, the platform has grown drastically, with more than 1,300 organizations using its services. 

The capital will go towards scaling the company’s services to attract exceptional talent that will help amplify the reach of Lumu’s cyber industry. The company has also grown from 30 employees to about 100 within two years and hopes to recruit more staff to join its team

Kumba Kpakima

Kumba Kpamika is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.