We’re excited to announce that Luminal has closed a $3.8MM Series A financing round with Core Capital Partners, Maryland Venture Fund, New Enterprise Associates, and other investors. The round includes the conversion of $1.1MM in convertible debt the company raised in August 2012.
Luminal is addressing deficiencies in traditional computing architectures that perpetuate operational complexity and security vulnerabilities. The company is working with early customers to further develop its solution for general availability, initially on Amazon Web Services.
The current model for computing is broken, and bad actors are racing far ahead of available defenses. We’re taking advantage of the nature of cloud computing to deliver native security, declarative control, and operational simplicity previously unattainable.
The company will use the investment to grow its engineering staff to continue product development and expand its customer base.
We’ll provide updates as we progress.
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A handful of stories from around the web:
- TechCocktail: Luminal Raises $600K from the State of Maryland, Closes $3.82M in Series A Funding
- Baltimore Business Journal: Startup cyber firm Luminal snags $600,000 investment just months after moving to Frederick
- Infosecurity: Maryland Focuses on Cybersecurity with Cloud Security Startup Grant
- InTheCapital: Maryland Governor Entices Cybersecurity Startup to Move to Frederick