Luminal, a Maryland-based startup developing next-generation solutions for cloud operations and management, announced it has closed a $10M Series B financing round, led by New Enterprise Associates (NEA). Previous investors, including Core Capital Partners and the Maryland Venture Fund, also participated in the round. This brings Luminal’s total amount of financing to $13.8M. “This investment led by NEA will allow us to grow our team and expand our beta customer base in advance of general availability of our product,” said Josh Stella, founder and CEO of Luminal. “We’re building solutions from first principles to tackle hard problems in computing, and the strong support we’ve received from NEA, Core Capital, the Maryland Venture Fund, and our other investors helps make that possible.”
We’re thrilled to have won the top prize in the InvestMaryland Challenge, (cybersecurity category) last night. It was a fun evening, and we’re honored to have won in a category with such tough competitors including Light Point Security and fellow Core Capital Partners and NEA portfolio company ZeroFox. Congrats to all the winners and finalists! Read about it at the Baltimore Business Journal and the Baltimore Sun.
From Lizzy McLellan’s article on Luminal in The Daily Record: The exterior walls of Luminal’s downtown Frederick headquarters are made of brick. But the company isn’t focused on walls. Its software aims to make a computer system more secure from the inside, instead of relying only on exterior defenses. Read the full article in PDF format.
We’re excited to announce that Luminal has closed a $3.8MM Series A financing round with Core Capital Partners, Maryland Venture Fund, New Enterprise Associates, and other investors. The round includes the conversion of $1.1MM in convertible debt the company raised in August 2012. Luminal is addressing deficiencies in traditional computing architectures that perpetuate operational complexity and security vulnerabilities. The company is working with early customers to further develop its solution for general availability, initially on Amazon Web Services. The current model for computing is broken, and bad actors are racing far ahead of available defenses. We’re taking advantage of the nature of cloud computing to deliver native security, declarative control, and operational...
The entire Luminal team will be attending AWS re:Invent 2013 this week. Since we are still in stealth mode we won't have a booth, but we will have a product preview and a detailed white paper on our first product, Fugue. If you're attending re:Invent and would like to talk to us, drop me an email and I'll reach out to you. We are actively recruiting alpha customers for Q1 2014 who want declarative control, native security and simplified operations & maintenance on AWS. Hope to see you in Vegas! Related Posts Why AWS re:Invent 2013 Mattered November 20th, 2013 If You Start Me Up... Doing Business on AWS November 25th, 2013
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