Cybersecurity Firm Blumira Raises $10.3 Million to Democratize Security

PRESS RELEASE

ANN ARBOR, Mich. (August 18, 2021) – Blumira, a leading cybersecurity provider of automated threat detection and response technology, today announced that it has raised a $10.3 million series A round of financing. The round was led by new Blumira investor Mercury, an early-stage venture capital firm focusing on entrepreneurs and software innovation in Middle America. The investment also includes participation from new investors Ten Eleven Ventures, the original venture capital firm dedicated to cybersecurity investing, and former Duo Security and Zendesk executives and strategic angels Zack Urlocker and Jim Cyb. 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 will enable Blumira to continue to innovate and to push the boundaries of traditional SIEM solutions by bringing enterprise-level security to the mid-market through modern, easy-to-use, cloud-based technology. Blumira enables teams without dedicated security resources to quickly detect, investigate and respond to cybersecurity threats.

“Having additional capital behind us accelerates our velocity and ability to execute our vision of democratizing the detection and response market,” said Steve Fuller, co-founder and CEO at Blumira. “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.”

Blumira also plans 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. Visit the company’s career page at https://www.blumira.com/careers.

The capital 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 such as Cisco, AWS, Microsoft, SentinelOne and more.

“The surge in recent high-impact cybersecurity attacks continues to prove that all companies need adequate and accessible security protection,” said Aziz Gilani, Managing Partner at Mercury. “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.”

Founded 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. Today, 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.

About Blumira

Blumira is a leading cybersecurity provider of automated threat detection and response technology for organizations of all sizes migrating to cloud infrastructure and SaaS services. Founded in 2018 in Ann Arbor, Michigan, Blumira’s cloud security monitoring platform helps mid-market organizations with limited security resources or expertise to prevent, detect and respond to cybersecurity threats in near real-time. The all-in-one solution is quick to deploy, easy to implement and integrates broadly across on-premises and cloud services. Blumira is consistently recognized by G2 as a top cloud SIEM provider and placed in 10 categories including ‘Best Return on Investment (ROI),’ ‘Fastest Implementation,’ and ‘Easiest to Use’ in the G2 Summer 2021 Grid® Reports.