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Lucidum Raised $4M Seed Funding Round Led by GGV, Silicon Valley

Lucidum Raised M Seed Funding Round Led by GGV, Silicon Valley

Asset discovery startup Lucidum formally released on Friday, raising $four million in seed investment from GGV Capital and Silicon Valley CISO Investments.

Lucidum facilitates corporations perceive the whole lot of their enterprise. The manner CEO Joel Fulton places it, the problem to hand is sort of a toddler being terrified of the dark–or worry of the unknown.

“When I grew up and have become a CISO (leader statistics protection officer), it seems you in no way shake that worry,” Fulton stated. “And for individuals who lead cloud, or IT or protection, the matters that we control nicely are the matters that we recognize we have.”

Lucidum’s asset discovery feature lets in corporations to dispose of blind spots throughout its cloud, protection, and IT operations. Lucidum makes use of gadget learning towards pre-present facts to triangulate and perceive era assets, consistent with a declaration from the business enterprise.

With many personnel running from domestic due to the COVID-19 pandemic, understanding what property are in an enterprise’s gadget is even more important. The business enterprise’s platform, for example, can inform if an employee’s toddler’s iPad is attached to Salesforce whilst it shouldn’t be.

“It’s not simply to enumerate the matters in the facts center, now it’s ‘Tell me on a stay foundation what’s touching my stuff and if it need to be,’” Fulton stated.

The business enterprise was founded through Fulton, the previous CISO at Splunk, and Charles Feng, the previous head of protection improvements and facts technology at Splunk. Fulton and Feng started speaking about beginning a business enterprise about 4 years in the past and requested CISOs and CIOs what their “magic wand” trouble was, and many stated it was that they didn’t recognize what all become of their enterprise.

“Those unknowns save you virtual transformations, they save you operational excellence and they’re devastating for protection,” Fulton stated.

The investment can be used to put money into engineering and product, Fulton stated. Lucidum has about 12 personnel now and plans to double its headcount withinside the subsequent year, however in that doubling, probable best one new rent won’t be immediately helping merchandise and consumers, consistent with Fulton.

“We need to be a product-targeted business enterprise,” Feng stated. “We aren’t going to be advertising and income targeted. We need to supply the product and supply excellent purchaser enjoy to make the purchaser happy.”

Lucidum is best to be had to a constrained variety of early-get entry to customers, however a network version will be to be had in the first region of subsequent year.

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