# Adlumin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adlumin

- Industry: IT Security/Cybersecurity
- Headquarters: Washington, US
- Website: www.adlumin.com
- Total disclosed funding: $34M
- Latest round: Series B (Jul 19, 2023)
- Investors on record: 7

## About

Based in the US, Adlumin Inc. provides advanced cybersecurity solutions through its SecOps platform, effectively safeguarding digital assets by integrating network, endpoint, and cloud security data for automated threat detection.Adlumin Inc. was founded in 2016 and is headquartered in Washington, US. The company specializes in cybersecurity services and was recently acquired by N-able Technologies Inc. in a TRADE SALE for USD 220.00 mn on November 20, 2024, which allows N-able to enhance its security portfolio. Tim Evans serves as the Founder, while Robert Johnston is the current CEO.Adlumin specializes in cybersecurity solutions, primarily offering its Security Operations as a Service (SecOps) platform, which integrates seamlessly with existing technology stacks. This platform provides a centralized approach to digital security by combining network, endpoint, and cloud security data, enabling automated threat detection and mitigation. The services include incident response, penetration testing, security awareness training, and total ransomware defense, catering to small and medium-sized businesses across various industries. Adlumin’s client base includes financial institutions, healthcare organizations, and technology firms, primarily operating in North America, Europe, and parts of Asia. The company emphasizes a proactive approach to cybersecurity, allowing clients to quickly remediate vulnerabilities and respond to incidents while ensuring compliance with industry regulations.Adlumin generates revenue through subscription-based models for its cybersecurity services, particularly the Managed Detection and Response (MDR) and Extended Detection and Response (XDR) offerings. Clients typically engage in long-term partnerships, paying for access to the comprehensive suite of tools and support provided by the company’s Security Operations Center (SOC). Adlumin’s pricing structure is tiered, allowing businesses to select packages based on their specific security needs and organizational size, which can include different levels of monitoring and incident response capabilities. The transactions primarily occur in a B2B framework, where companies subscribe to Adlumin’s services to enhance their cybersecurity posture while reducing the need for in-house resources.Following its acquisition, Adlumin plans to leverage the resources of N-able Technologies Inc. to enhance its product offerings, particularly focusing on expanding its cloud-native XDR and MDR capabilities. The company intends to enter new geographic markets, with plans to extend its operations in Europe and Asia by late 2025. The recent funding of USD 220.00 mn will be utilized to develop new security solutions, improve service delivery, and support the company's growth initiatives.

## Funding rounds

- Series B, Jul 19, 2023, $11M — First In Capital, Washington Harbour Partners, SYN Ventures, BankTech Ventures
- Series B, Nov 23, 2021, $17M — Leawood Venture Capital, Independent Community Bankers of America, First In Capital, SYN Ventures, BankTech Ventures
- Series A, Sep 28, 2020, $6M — Leawood Venture Capital, Independent Community Bankers of America
- Seed, Oct 28, 2016, $0.3M — J. Hunt Holdings

## Investors

- J. Hunt Holdings (https://capitalatlas.ai/funds/j-hunt-holdings) — Seed
- Leawood Venture Capital (https://capitalatlas.ai/funds/leawood-venture-capital) — Series A, Series B
- Independent Community Bankers of America — Series A, Series B
- First In Capital (https://capitalatlas.ai/funds/first-in-capital) — Series B
- SYN Ventures (https://capitalatlas.ai/funds/syn-ventures) — Series B
- BankTech Ventures (https://capitalatlas.ai/funds/banktech-ventures) — Series B
- Washington Harbour Partners (https://capitalatlas.ai/funds/washington-harbour-partners) — Series B