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Lumos secures $35M in Series B funding led by Scale Venture Partners to unify the SaaS and Identity Management Industries.

May 23, 2024about 1 year ago

Amount Raised

$35 Million

Round Type

series b

Silicon ValleyAppsMobileSoftware

Investors

NeoHarpoon VenturesAndreessen HorowitzScale Venture Partners

Description

Lumos, a software company centralizing the management of apps and identities for IT and security teams, announced its $35M Series B financing led by Scale Venture Partners with participation from Andreessen Horowitz, Harpoon Ventures, Neo and others. Lumos revenue has grown 9x since its last fundraise, and has won over top enterprise customers like Pinterest, MongoDB, and GitHub.

Company Information

Company

Lumos

Location

Silicon Valley, California, United States

About

Lumos is the first internal AppStore for companies. With Lumos, employees are more productive and your enterprise more compliant with self-service app requests, access reviews, and license management. The result: employees go to their Company AppStore and ask for app and permission access. IT and security can control who can request which apps, perform access reviews and automate access creation. Lumos makes companies productive and compliant at the same time. Learn more: lumos.com. SOURCE Lumos

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech