Colombia's Lumu Technologies raises $30 million

Lumu Technologies, the brainchild of Colombian entrepreneur Ricardo Villadiego, has successfully secured a staggering $30 million in a Series B funding round.

This substantial infusion of capital marks a significant milestone for the Colombian startup and will play a pivotal role in Lumu's global expansion plans and the strengthening of its marketing strategy.

Launched in 2019, Lumu's pioneering approach centres around the Continuous Compromise Assessment model, designed to empower organizations to effectively manage cybersecurity threats with unmatched precision and efficiency.

In a world grappling with a constantly evolving threat landscape, Lumu Technologies is determined to equip security teams operating with limited resources with industry-validated solutions to defend against the myriad challenges posed by cybersecurity threats.

Forgepoint Capital led the impressive funding round, and it saw active participation from key investors including BIP Ventures, Exceptional Capital, and SIMMA Capital. An additional noteworthy development arising from this funding is the appointment of Forgepoint Capital's CEO, Leo Casusol, to Lumu Technologies' esteemed Board of Directors.

As part of its strategic vision, Lumu Technologies is set to intensify its investment in research and development, further solidifying its position in a market historically plagued by outdated and inefficient tools.