Ann Arbor-Based Blumira Closes $10.3 Million In Funding

By Amit Chowdhry ● Aug 18, 2021
  • Blumira announced that it raised $10.3 million in Series A funding. These are the details.

Blumira — a leading cybersecurity provider of automated threat detection and response technology — announced that it raised $10.3 million in Series A funding. This round of funding was led by new investor Mercury. This investment also includes participation from new investors Ten Eleven Ventures and former Duo Security and Zendesk executives and strategic angels Zack Urlocker and Jim Cyb. The existing investors M25, Array Ventures, and Duo Security co-founder and angel investor Jon Oberheide also participated. Mercury Managing Director Aziz Gilani will join the board as a director.

This investment brings the company’s total capital raised to $12.9 million. The new funding round will enable Blumira to continue to innovate and to push the boundaries of traditional Security Information and Event Management (SIEM) solutions by bringing enterprise-level security to the mid-market through modern, easy-to-use, cloud-based technology. Plus Blumira enables teams without dedicated security resources to quickly detect, investigate and respond to cybersecurity threats. 

Blumira is also planning to significantly expand its team and will double its headcount, reaching 80 employees in the next year. The company is hiring a variety of positions, including head of product management, director of customer experience and director of finance. 

The funding will also be used to grow its partnership program with managed service providers (MSPs) by enabling them to quickly grow their security practice and to expand their customer base without having to staff a full security operations center and to invest in scaling both cloud and on-premises applications coverage through its technical partnerships with companies like Cisco, AWS, Microsoft, and SentinelOne.

Launched in 2018, Blumira brings enterprise-level security to the mid-market through advanced cloud-delivered technology that enables teams without dedicated security resources to quickly detect, investigate, and respond to indicators of ransomware and other unknown threats in order to prevent breaches and to simplify security operations. Blumira’s easy-to-use cloud-based SIEM platform offers the industry’s fastest time to deployment with broad cloud coverage, enabling organizations of all sizes to detect and respond to cloud security threats five times faster than the average SIEM provider.

KEY QUOTES:

“Having additional capital behind us accelerates our velocity and ability to execute our vision of democratizing the detection and response market. We’ve built incredible momentum in just a few short years, and we’re thrilled to have the support of world-class investors as we work to make security operations simple, automated, affordable and accessible to organizations of all sizes.”

— Steve Fuller, co-founder and CEO at Blumira

“The surge in recent high-impact cybersecurity attacks continues to prove that all companies need adequate and accessible security protection. The need for modern, simplified security tools has never been more compelling, and Blumira is leading the way in solving enormous and unique cybersecurity challenges, especially for the mid-market. This laser-focused team has incredible talent and we look forward to actively supporting their vision.”

— Aziz Gilani, Managing Partner at Mercury