Managed detection and response provider Lumifi Cyber bags funds

Managed detection and response provider Lumifi Cyber bags funds

Managed detection and response provider Lumifi Cyber has received an investment from Californian private equity firm HCAP Partners, which partnered with BOK Financial for the deal.

This capital injection will help Lumifi with its acquisition of Datashield, an end-to-end cybersecurity resilience services provider. The combined offering enhances Lumifi’s offering with Datashield’s MDR services, security operations centre and team of ex-military and former DoD cybersecurity professionals.

Lumifi combines AI, machine learning and attack simulation to identify security gaps before cybercriminals can exploit them. Its platform automatically remediates endpoint vulnerabilities to reduce the available attack surface and continuously monitors, detects and contains, and remediates threats 24/7/365.

 Speaking on the investment, HCAP Partners partner Frank Mora said, “We are pleased to support Lumifi and its development and deployment of affordable cybersecurity solutions that provide advanced levels of security to businesses of all sizes.

“The cybersecurity market is growing rapidly and Lumifi delivers cutting-edge solutions that are effective and accessible. We have successfully partnered with CEO Michael Malone in the past and we look forward to working with him once again in this next phase of Lumifi’s growth.”

HCAP Partners has backed another CyberTech company this year. It recently led the $18.7m Series A of Saphyre, which offers a service to structure all pre-trade data. The company has built an AI-powered platform that powers direct collaboration between multiple financial parties related to the same client.

Its platform digitises all pre-trade data and documents, eliminating redundant manual processes and allowing for secure, expedited access to data across the lifecycle.

Another managed detection and response platform to recently raise funds was Critical Start. The company bagged $215m in a strategic growth round from Vista Equity Partners. The company simplifies breach prevention by helping companies identify, assess and respond to cyber threats in real-time while analysing threat data to inform future responses.

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