Blog Post October 24, 2023

Adlumin Secures $70M in Series B for Mid-Market Security Mission

SYN Ventures Leads Investment in the Security Operations Platform and Managed Detection and Response Provider Making Sophisticated Security Attainable  

Adlumin, a security operations platform and managed detection and response (MDR) provider, has announced the closure of a $70 million Series B funding round led by SYN Ventures with participation from First In Ventures, Washington Harbor Partners and BankTech Ventures. The funding will accelerate Adlumin’s growth and meet the demand for enterprise-grade security solutions for small and mid-market organizations. 

Adlumin’s proven ability to meet this demand through its modern platform, expert services, and channel-first approach has propelled the company to rank among the top 10% of America’s fastest-growing private companies and earn a spot on The Information’s 50 Most Promising Startups list for 2023.  

With the new funding, Adlumin plans to expand its channel partnerships and continue innovating to better address the evolving needs of its partners and end-users. The company aims to empower service providers who can deliver expert support that may be difficult for organizations to hire and retain. Adlumin also offers its own MDR services and collaborates with managed service providers and managed security service providers to ensure customers have access to 24/7 human insights, threat hunting, and trusted support. The company has recently introduced subscription-based incident response services and additional financial protections, such as a no-cost warranty and discounted cyber insurance policies, to cater to the specific needs of middle-market organizations.  

Read the full press release here.