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A $15 million Series B round of funding is raised by Blumira

The funding illustrates a significant milestone in its growth journey
June 9, 2023

Blumira, a technology provider based in Ann Arbor, Michigan, has successfully secured $15 million in Series B financing. The company specializes in detection and response technology, catering to the evolving security needs of organizations.

In conjunction with the funding, Blumira has also unveiled its cutting-edge XDR platform, a groundbreaking solution designed to offer enterprise-level security to small and medium-sized businesses (SMBs). This development marks a significant step forward in empowering SMBs with robust security measures typically associated with larger enterprises.

The Series B financing round was led by Ten Eleven Ventures, a prominent investor in the cybersecurity space. Additionally, RPS Ventures, Mercury Fund, HPA, and Jon Oberheide, the co-founder of Duo Security, joined as valuable contributors to the funding.

Blumira's XDR platform combines several key components, including SIEM (Security Information and Event Management), endpoint visibility, and automated response capabilities. By integrating these elements, Blumira empowers organizations with lean IT teams to streamline their security operations, reduce complexity, and gain comprehensive insights across their entire digital environment. Furthermore, the platform leverages automation to expedite incident response, offering a faster time to security.

Blumira CEO Jim Simpson, formerly the Director of Product Management at Duo Security, expressed enthusiasm regarding the launch of the open XDR platform for SMBs, alongside the Series B funding. He highlighted the ongoing challenge of manual security tasks faced by smaller teams and emphasized the immense potential for simplified security solutions in the SMB market. Blumira aims to alleviate the burden on personnel by providing a range of detection and response options, catering to diverse customer needs. From their Free SIEM offering to their all-in-one XDR solution, Blumira eliminates redundancies and ensures comprehensive hybrid coverage.

Today's milestone announcements herald a new era of security for small and medium-sized businesses worldwide. Blumira is poised to continue its impressive growth trajectory, as businesses of all sizes increasingly recognize the mission-critical nature of robust security measures. Regardless of budget constraints, organizations understand that enabling security is vital for seamless business operations.

Blumira's successful funding round and the introduction of its groundbreaking XDR platform represent significant advancements in the realm of cybersecurity, particularly for SMBs. By providing streamlined, comprehensive security solutions, Blumira is driving the industry forward and empowering businesses to protect their digital assets effectively. With its ongoing commitment to innovation and its customer-centric approach, Blumira is undoubtedly poised for continued success in the ever-evolving landscape of cybersecurity.

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