Blumira raises $10.3M Series A to bring cloud-based SIEM to mid-market companies – TechCrunch

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Blumira immediately introduced it raised a $10.three million Collection A financing spherical. The Ann Arbor-based cybersecurity firm says the capital shall be used to broaden its product providing, double its headcount to 80 staff, and develop its partnership program with managed service suppliers.

The corporate, based in 2018, seeks to offer enterprise-level safety to medium-sized companies via turn-key, cloud-based options. Blumira’s resolution upends the standard safety data and occasion administration market with a strong suite of instruments designed particularly for mid-market firms that’s comparatively extra reasonably priced. In keeping with Blumira, its product deploys shortly and offers these firms the safety and menace monitoring means of instruments utilized by large companies.

With the brand new funding, the agency has raised $12.9 million since its founding in 2018. New investor Mercury led Blumira’s Collection A with Managing Director Aziz Gilani becoming a member of Blumira’s board as a director. The Collection A additionally included participation from Ten Eleven Ventures, enterprise angles, and present traders of M25, Array Ventures, and Duo
Safety co-founder and angel investor Jon Oberheide.

“Having further capital behind us accelerates our velocity and talent to execute our imaginative and prescient of democratizing the detection and response market,” stated Steve Fuller, co-founder and CEO at Blumira. “We’ve constructed unbelievable momentum in just some quick years, and we’re thrilled to have the help of world-class traders as we work to make safety operations easy, automated, reasonably priced and accessible to organizations of all sizes.”

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