# Blumira

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

- Industry: IT Security/Cybersecurity
- Headquarters: Ann Arbor, US
- Website: www.blumira.com
- Total disclosed funding: $25M
- Latest round: Series B (Jun 7, 2023)
- Investors on record: 6

## About

Blumira, Inc. delivers advanced cybersecurity solutions tailored for small to medium-sized businesses, empowering them with automated threat detection and incident response capabilities that adhere to industry compliance standards.Founded in 2018 in Ann Arbor, US, Blumira, Inc. specializes in cybersecurity solutions, pivoting to enhance its offerings since inception. The company has successfully closed three deals, with the most recent funding round occurring on June 7, 2023. Blumira secured USD 15.000 mn during its Series B funding led by Ten Eleven, along with investors Hyde Park Angels, Mercury, and RPS Ventures. The company is co-led by founders Steve Fuller and Jim Simpson, with Steve having notable experience in the tech startup ecosystem.Blumira specializes in providing comprehensive cybersecurity solutions designed for small to medium-sized businesses (SMBs) across various industries. The company's core offerings include a cloud-based Security Information and Event Management (SIEM) platform, endpoint visibility, and extended detection and response (XDR) capabilities. These products simplify cybersecurity complexities, enabling organizations to achieve automated detection and incident response, as well as compliance with standards such as PCI DSS and HIPAA. Blumira’s solutions are deployed quickly, often within hours, and are supported by 24/7 Security Operations Center (SecOps) monitoring and response services, catering to sectors including healthcare, government, finance, and manufacturing, primarily in North America.Blumira generates revenue through a subscription-based model that provides access to its SIEM and XDR solutions. Clients typically engage in annual contracts, benefiting from ongoing security monitoring, automated threat detection, and compliance reporting tailored to their industry needs. The pricing structure accommodates various budgets, ensuring that smaller organizations can access robust cybersecurity measures. Subscriptions include different tiers based on features and support levels. Blumira also offers a free version for Managed Service Providers (MSPs) through Not For Resale (NFR) licensing, fostering partnerships to expand its market reach.Following its recent Series B funding of USD 15.000 mn on June 7, 2023, Blumira plans to accelerate its growth trajectory by enhancing product offerings and expanding into new geographic markets. The company is expected to launch additional cybersecurity tools designed to meet evolving market demands. Blumira aims to target new market segments in the US and Canada over the next two years, utilizing the latest funding to support these initiatives.

## Funding rounds

- Series B, Jun 7, 2023, $15M — Mercury, Hyde Park Angels, Ten Eleven, RPS Ventures
- Series A, Aug 18, 2021, $10M — Mercury, Ten Eleven, Array Ventures, M25

## Investors

- Mercury (https://capitalatlas.ai/funds/mercury) — Series A, Series B
- Ten Eleven — Series A, Series B
- Array Ventures (https://capitalatlas.ai/funds/array-ventures) — Series A
- M25 (https://capitalatlas.ai/funds/m25) — Series A
- Hyde Park Angels (https://capitalatlas.ai/funds/hyde-park-angels) — Series B
- RPS Ventures (https://capitalatlas.ai/funds/rps-ventures) — Series B