Following its ranking in the 2021 Inc. 5000 list of America’s fastest-growing private companies, Adlumin announced new capital on Tuesday. The cybersecurity services platform closed $25 million in Series B funding. The round was co-led by SYN Ventures and First In Ventures with additional funding from the Independent Community Bankers of America, BankTech Ventures and Leawood Venture Capital, among others.
Adlumin uses AI and machine learning to automate compliance and security processes. Instead of constantly looking for compliance issues or security vulnerabilities, Adlumin is able to automatically detect and resolve these issues in real-time. This makes networks stronger without the need for security teams to constantly monitor every aspect.
“This funding is a renewal of Adlumin’s commitment to perfection on behalf of our partners and customers,” Adlumin CEO Robert Johnston said in a statement. “Armed with new capital, we will be making massive investments in our channel program, enabling our partners to make an even bigger impact by delivering our leading security analytics technology to customers across the globe.”
2021 has been a big year of growth for the company. Adlumin said in a statement that its customer base has increased by the hundreds this year. It also receive new patents for its serverless data analytics architecture and was recognized in security by CRN’s 2021 Emerging Vendors list.
Adlumin isn’t the only cybersecurity company in the D.C. area to receive funding recently. The rise in ransomware attacks has captured investors’ attention and brought new capital to companies like SCYTHE, Expel, SnapAttack and Netography, to name a few. It’s clear the D.C. tech hub is responding as quickly to the trend of cybersecurity investment as these companies are to stopping incoming hacking threats.