Lumos announced today that it has completed a new round of financing of more than US $30 million. The investors include Andreessen Horowitz, Neo, Lachy groom, Google cloud CISO Phil Venables, openai CTO Greg Brockman and so on Lumos is a company dedicated to providing end-to-end solutions for enterprises to manage all SaaS applications used by its employees.
The company plans to integrate the security functions required by it management in the SaaS management market, such as role access control, self-service functions desired by employees, expenditure reports required by the financial part (and the ability to close unused accounts). Lumos already has more than 30 employees. Current users include buzzfeed, dialpad, mixpanel, skydio and vox media.
Lumos's core competitiveness is to replace it bills by providing self-service portals for enterprise employees. The team believes that as enterprises increasingly rely on SaaS applications, it is more and more difficult for enterprises to manage them. Typically, this means adding a layer of bureaucratic it bills to obtain services and paying additional SaaS license fees for users who may not use the services at all or have left the company.
Lumos's promise is that it can not only provide access control, but also provide employees with a self-service portal and automatically identify when users stop using SaaS tools, for example, and then cancel these accounts to save licensing costs.