June 14, 2024

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Latest technological developments

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


Startup Lumos Application Inc., which will help businesses manage the software-as-a-assistance programs employed by their staff, today introduced from stealth manner with extra than $30 million in initial funding.

Lumos raised the cash from a team of buyers that involved Andreessen Horowitz. Distinguished technologies trader Lachy Groom, OpenAI LLC Main Know-how Officer Greg Brockman and Phil Venables, main information security officer of Google Cloud, also participated in the round.

Information and facts technology teams apply cybersecurity principles to regulate how their companies’ cloud applications are accessed by personnel. That helps prevent unauthorized consumers from getting access to delicate business enterprise info. In a substantial company with 1000’s of staff who use hundreds of cloud providers, managing which user may perhaps interact with what service can be a time-consuming process.

San Francisco-based mostly Lumos has produced a platform that promises to assistance IT teams handle application utilization with much less exertion. The system will allow workers to ask for access to an software as a result of a self-provider interface. From there, Lumos routes each ask for to the appropriate member of the IT team for approval, which the startup says decreases the software onboarding system to a few minutes.

“There’s a much better, extra compliant way to deal with application and permission sprawl,” said Lumos co-founder and Chief Govt Officer Andrej Safundzic. “It crucially consists of structured self-services. By improving function-based mostly obtain manage (RBAC) with a self-services portal (with roles, policies and workflows), IT, IAM and protection groups can automate the on and offboarding procedure.”

Lumos also guarantees to simplify a number of related duties for IT groups.

In some situations, employees need access to an software only for a constrained quantity of time. An administrator aiding to deploy a new cloud services for the advertising division may well require the means to log into the company only until eventually the setup system is complete. For these cases, Lumos delivers a resource that allows businesses to assign short-term entry permissions to buyers. The non permanent permissions instantly expire within a predefined time frame. 

Lumos tracks which people have accessibility to what apps in a centralized dashboard. According to the startup, directors can seek advice from the dashboard to obtain unused program-as-a-company subscriptions and lessen costs. Lumos also will make it attainable to detect cloud apps that ended up provisioned without the IT department’s approval, which can probably direct to cybersecurity pitfalls if left unaddressed.

Lumos’ shopper base incorporates business technology corporations these kinds of as venture-backed file storage firm Nasuni Corp. and Druva Inc., a info defense company that gained a $2 billion valuation last calendar year. The startup has also a presence in a range of other marketplaces. 

Image: Unsplash

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