Cybersecurity platform Blumira has bagged $2.6m in a funding round to help it deepen its threat detection and response technology.
The round was led by M25, a Chicago-based venture capital firm, with contributions also coming from San Francisco-based Array Ventures.
With the capital, the company is looking to enhance its detection and response technology.
Blumira claims that the rise in remote working has put increased pressures on cybersecurity due to greater reliance being put onto remote access, collaboration and productivity tools. The solution addresses challenges by automating security operation workflows to enable customers to identify threats faster.
The end-to-end platform automates threat detection and response, and enables organisations to defend against threats in near teal-time.
“Remote work has resulted in more potential for breaches than ever before, as organizations struggle without security resources and visibility. Blumira integrates with any existing service, deploys in a matter of hours and provides immediate value by identifying threats and automating remediation. We’re excited that this effort is led by a first-class team and excellent advisors,” said Mike Asem.
The company has recently deepened its engineering, security, marketing, sales and operations teams.
It has been a busy month for cybersecurity startups, with several closing fresh investments. Earlier this week, Perimeter 81 closed its Series B round on $40m and is less than six months since it bagged a Series A extension round.
Email security startup IRONSCALES also recently closed a Series B round, pulling in $8m to support its rapid growth plans.
Copyright © 2020 FinTech Global
Copyright © 2018 RegTech Analyst
