Fundz

Illuma Labs raised $9M in a Series A funding round led by LiveOak Ventures to enhance voice verification solutions against fraud threats for banking institutions.

PRIVATESep 10, 2024

Amount Raised

$9 Million

Round Type

Series A

PlanoInformation TechnologySecurityCyber Security

Investors

TdecuConnexusCapital FactoryUs NetCurql FundForefront Venture PartnersLive Oak Ventures

Description

Illuma Labs has secured $9 million in Series A funding to accelerate the development of its voice verification technology for banking contact centers. The investment will help combat emerging threats such as fraud and voice cloning while expanding their market reach.

Quick answer

Illuma Labs raised $9 Million in a Series A round, dated September 10, 2024. Investors: Tdecu, Connexus, Capital Factory, Us Net, Curql Fund, Forefront Venture Partners and Live Oak Ventures. Illuma Labs is based in Plano, Texas, United States.

How much did Illuma Labs raise?
Illuma Labs raised $9 Million in a Series A round on September 10, 2024.
Who invested in Illuma Labs?
Tdecu, Connexus, Capital Factory, Us Net, Curql Fund, Forefront Venture Partners and Live Oak Ventures are named as investors in this round.
What does Illuma Labs do?
Illuma Labs is a Fintech company headquartered in Plano, Texas.
Where is Illuma Labs based and how big is it?
Illuma Labs is based in Plano, Texas, United States. Fundz records about 25 employees.
Who are the decision-makers at Illuma Labs?
Fundz holds 1 contact at Illuma Labs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Illuma Labs that raised within 45 days of this round, from Fundz verified event records.

  • Stream.Security raised $30M (Series B) on October 22, 2024.
  • Authologic raised $8.2M (Series A) on October 22, 2024.
  • LOUHE.ai raised $3.3M (Seed) on October 14, 2024.
  • Cyrisma raised $7M (Series A) on October 9, 2024.
  • Prime Security raised $6M (Seed) on October 9, 2024.
  • Xpect Solutions raised $10M on October 6, 2024.

Who to call at Illuma Labs, and when

A new round usually means Illuma Labs is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Illuma Labs

Location

Plano, Texas, United States

About

Illuma Labs is a Fintech company headquartered in Plano, Texas. The organization’s flagship product, Illuma Shield™, replaces traditional knowledge-based authentication practices with an effortless and secure real-time voice authentication solution to enhance caller experience, improve operational efficiency, and prevent fraud in credit union and community bank contact centers.

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Fundz sees it the moment Illuma Labs raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Illuma Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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