- Lumifi Cyber bags funds from Californian private equity firm HCAP Partners.
- It combines artificial intelligence, machine learning and attack simulation to identify security gaps before cybercriminals can exploit them.
Lumifi Cyber, Managed detection and response provider, has received an investment from Californian private equity firm HCAP Partners, which collaborated with BOK Financial for the deal.
The combined offering enhances the offering of Lumifi with Datashield’s MDR services, security operations center and a team of ex-military and former DoD cybersecurity professionals.
Lumifi combines artificial intelligence, machine learning and attack simulation to identify security gaps before cybercriminals can exploit them. Its platform automatically remediates endpoint vulnerabilities to decrease the available attack surface and continuously detects, monitors and contains, and remediates threats 24/7/365.
Speaking on the investment, HCAP Partners partner Frank Mora said that they are pleased to support Lumifi and its development and deployment of affordable cybersecurity solutions that provide advanced levels of security to businesses of all sizes.
The cybersecurity market is growing faster, and Lumifi delivers cutting-edge solutions that are effective and accessible. They have collaborated with CEO Michael Malone in the past, and they look forward to working with him again in this next phase of Lumifi’s growth.
This year, HCAP Partners has backed another CyberTech company. It recently led the $18.7m Series A of Saphyre that offers a service to arrange all pre-trade data. The organization has built an AI-powered platform that powers direct collaboration between multiple financial parties related to the same client.
Its platform digitizes all pre-trade data and documents, eliminating redundant manual processes and allowing for secure, expedited access to data across the lifecycle.
Another managed detection and response platform to raise funds recently was Critical Start. The company nailed $215m in a strategic growth round from Vista Equity Partners. The company simplifies breach prevention by helping companies identify, assess and respond to cyber threats in real-time while analyzing threat data to inform future responses.
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