Lumos raises $30M+ to help companies manage their cloud applications

Lumos raises $30M+ to help companies manage their cloud applications

Startup Lumos Application Inc., which helps firms regulate the software package-as-a-services programs applied by their staff members, right now launched from stealth manner with additional than $30 million in first funding.

Lumos raised the capital from a group of traders that bundled Andreessen Horowitz. Prominent technology investor Lachy Groom, OpenAI LLC Chief Engineering Officer Greg Brockman and Phil Venables, main details stability officer of Google Cloud, also participated in the spherical.

Information and facts know-how teams put into action cybersecurity regulations to regulate how their companies’ cloud apps are accessed by workers. That stops unauthorized customers from gaining obtain to sensitive business info. In a huge company with thousands of staff who use hundreds of cloud services, controlling which person may perhaps interact with what provider can be a time-consuming endeavor.

San Francisco-centered Lumos has designed a system that claims to enable IT teams manage application use with considerably less energy. The system permits staff members to request access to an application through a self-provider interface. From there, Lumos routes each ask for to the appropriate member of the IT group for acceptance, which the startup states cuts down the software onboarding course of action to a couple of minutes.

“There’s a improved, extra compliant way to handle application and authorization sprawl,” reported Lumos co-founder and Main Executive Officer Andrej Safundzic. “It crucially will involve structured self-company. By enhancing function-based accessibility control (RBAC) with a self-service portal (with roles, principles and workflows), IT, IAM and protection teams can automate the on and offboarding method.”

Lumos also promises to simplify numerous related tasks for IT teams.

In some scenarios, personnel involve access to an application only for a confined amount of time. An administrator serving to to deploy a new cloud service for the promoting division might require the means to log into the services only right up until the setup system is full. For this sort of circumstances, Lumos gives a tool that enables companies to assign temporary accessibility permissions to buyers. The momentary permissions quickly expire in just a predefined time body. 

Lumos tracks which customers have entry to what programs in a centralized dashboard. In accordance to the startup, directors can consult the dashboard to uncover unused application-as-a-company subscriptions and lessen prices. Lumos also will make it feasible to detect cloud purposes that were provisioned with no the IT department’s approval, which can potentially guide to cybersecurity pitfalls if still left unaddressed.

Lumos’ customer foundation involves company technology corporations such as venture-backed file storage firm Nasuni Corp. and Druva Inc., a knowledge defense service provider that received a $2 billion valuation previous calendar year. The startup has also a existence in a selection of other markets. 

Photograph: Unsplash

Present your guidance for our mission by signing up for our Cube Club and Cube Event Group of gurus. Be part of the community that features Amazon Website Services and CEO Andy Jassy, Dell Systems founder and CEO Michael Dell, Intel CEO Pat Gelsinger and a lot of far more luminaries and specialists.