SAN JOSE, Calif.--(BUSINESS WIRE)--May 18, 2023--
Lumeus.ai, a visibility-first Zero Trust networking platform, announces its launch today with $6 million in seed funding led by Tola Capital with participation from pre-seed investors Emergent Ventures and First Rays Ventures. Satish Veerapuneni and Saurabh Jain started Lumeus.ai to help distributed enterprises modernize their network security while leveraging their existing infrastructure.
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Lumeus.ai Founders - Satish Veerapuneni & Saurabh Jain (Photo: Business Wire)
Businesses often lack comprehensive network visibility and control across branches, campuses, and cloud. Verizon found the increase in ransomware last year was as large as the previous five years combined. However, there is a way to mitigate such risk. IBM reported that organizations with mature Zero Trust programs save $1.5 million on average per breach, noting that the proper implementation of a Zero Trust approach has never been more important to reduce the risk of breach and safeguard infrastructure.
Launched today, Lumeus.ai offers a Universal Zero Trust platform that leverages AI/ML to help organizations increase visibility from campus to cloud, authorize resource access, and segment network traffic to prevent lateral movement. Lumeus.ai seamlessly connects to existing infrastructure in an agentless manner, meaning organizations see value from day one.
“We make it easy for our customers to visualize their network, authorize access, and segment traffic in order to reduce the risk of breach and improve experiences at a lower TCO (total cost of ownership) and all with one unified policy engine,” said Satish Veerapuneni, Co-Founder and CEO of Lumeus.ai. “We’re thrilled to have Tola Capital on board as a top-tier partner with its expertise in the IT and Security space.”
“There is an early opportunity right now for AI + Zero Trust networking to secure organizations in the cloud era. The team at Lumeus.ai has the right DNA to tackle this market and we’re excited to guide its go-to-market efforts,” said Will Coggins, Vice President at Tola Capital.
Lumeus.ai’s new platform helps customers:
- Provision Zero Trust Network Access, Zero Trust Segmentation & Application Experience Management with no agents installed on endpoints
- Consolidate three or more management consoles, reducing complexity for teams
- Achieve cost savings of up to 50% while leveraging your existing infrastructure
Lumeus.ai will use the new capital to expand its product and go-to-market teams in the US and India.
To learn more or to get started today visit Lumeus.ai.
AboutLumeus.ai
Founded in July 2021 and based in San Jose, CA, Lumeus.ai is a visibility-first Zero Trust networking platform that helps IT and Security teams modernize network security. The company has raised $6 million in funding from investors including Tola Capital, Emergent Ventures and First Rays. For more information, visit Lumeus.ai.
About Tola Capital
Founded in 2010 by ex-software operators, Tola Capital is a venture capital firm that believes in the power of software and data to transform businesses. We provide hands-on engagement to founders who see that future and are building solutions with the potential for long-term, transformational change. Tola Capital exclusively targets software companies with essential products for enterprise customers, led by exceptional and diverse talent. Tola Capital invests globally and across multiple stages to change how the world will work.
About Emergent Ventures
Founded in 2016, Emergent Ventures is a Silicon Valley-based early-stage venture capital firm that focuses on Artificial Intelligence, Enterprise Automation, and Cloud Infrastructure. Emergent partners early with high-potential entrepreneurs, leads seed rounds, and works closely with portfolio companies to help them get to their next milestones faster. Emergent's team has been involved with 50+ venture investments over the past decade, including 7 unicorns and 18 realized exits.
About First Rays Ventures
First Rays Ventures specializes in seed stage investments with a focus on B2B themes of AI, Cloud-Edge-Data orchestration and Automation in the Enterprise Stack. We specialize in helping startups find early customers, in Enterprises or Developer communities.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230518005022/en/
CONTACT: PR Contact:
pr@lumeus.ai
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: NETWORKS SECURITY TECHNOLOGY ARTIFICIAL INTELLIGENCE SOFTWARE
SOURCE: Lumeus.ai
Copyright Business Wire 2023.
PUB: 05/18/2023 09:30 AM/DISC: 05/18/2023 09:31 AM
http://www.businesswire.com/news/home/20230518005022/en
