Blumira Raises $10.3M Series A for Cloud SIEM

Blumira Secures $10.3 Million in Series A Funding

Blumira has announced the successful completion of a $10.3 million Series A financing round. The cybersecurity firm, headquartered in Ann Arbor, intends to utilize these funds to broaden its product capabilities.

Expansion plans also include a doubling of the company’s workforce to 80 employees. Furthermore, Blumira aims to enhance its collaboration with managed service providers through a strengthened partnership program.

Focus on Mid-Market Security

Established in 2018, Blumira is dedicated to delivering enterprise-grade security solutions to medium-sized businesses. This is achieved through readily deployable, cloud-native offerings.

Blumira’s approach challenges conventional security information and event management (SIEM) systems. It provides a robust set of tools tailored for the mid-market, offering a more cost-effective alternative.

The company asserts that its product is characterized by rapid deployment. This allows mid-sized organizations to achieve the same level of security and threat detection as larger enterprises.

Investment Details and Key Participants

This new funding brings Blumira’s total raised capital to $12.9 million since its inception in 2018. Mercury spearheaded the Series A investment, with Managing Director Aziz Gilani now serving on Blumira’s board.

The round also saw contributions from Ten Eleven Ventures, enterprise angles, and existing investors including M25, Array Ventures, and Jon Oberheide, a co-founder of Duo Security and angel investor.

Leadership Perspective

“This additional capital will significantly accelerate our progress and our capacity to realize our vision of making detection and response accessible to all,” stated Steve Fuller, co-founder and CEO of Blumira.

He further added, “We have achieved substantial momentum in a short timeframe, and we are excited to have the backing of leading investors as we strive to simplify, automate, and make security operations affordable for organizations of every size.”