World News – United States – Lucidum Raises $ 4 Million Investment to Automate Asset Discovery

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GGV Capital and Silicon Valley CISO Syndicate Invest in Two Former Splunk Executives to Solve Fundamental Challenge of Discovering IT Assets

Lucidum, the asset discovery company that eliminates blind spots in cloud, security and IT operations, was launched with $ 4 million in seed funding from GGV Capital and Silicon Valley CISO Investments ( SVCI) Lucidum is founded by former security and technology leaders at Splunk and backed by nearly two dozen current and former security and technology leaders to solve the pervasive and fundamental challenge of discovery and the visibility of assets that prevent businesses from effectively managing, securing and transforming technology

« You can’t secure what you can’t see or don’t know, let alone controlling costs and how they impact your business It’s that simple and it’s a challenge I I’ve seen firsthand in every organization I’ve worked in or with – that’s why we started Lucidum, ”said Joel Fulton, CEO and Co-Founder of Lucidum, and former Splunk CISO“ The Visibility asset is perhaps the most fundamental challenge today in enterprise IT, because everything else depends on it By illuminating every corner of a network – finding even the unknown unknowns – we enable organizations to improve all other aspects of their IT, cloud and security operations « 

The Lucidum platform uses patent-pending machine learning against a massive volume of pre-existing data to triangulate and provide context across known and unknown computers, mobile devices, cloud environments, IoT devices, microservices and other technology assets Without agents or analytics, Lucidum identifies anything that stores, processes or transmits data and answers important questions about where an item is, what it is, what it does and how it is used

With a growing list of integrations with nearly 100 of the most popular tools and platforms already used by enterprise IT organizations, and an open API, the Lucidum platform powers IT operations, security, cloud, compliance, finance and other disciplines with critical asset information it identifies

« In many ways, Lucidum is like Splunk for asset discovery because of the way it ingests a stream of data and condenses it in a way that gives organizations the information and context they need to take action, ”said Oren Yunger, head of cybersecurity investments at GGV Capital and is also a founding member of SVCI – both investors in Lucidum “Beyond its management team, one of the most compelling aspects of Lucidum is its laser focus While many other companies in the industry try to do everything, Lucidum focuses on one thing – asset discovery and visibility – extremely well. And this thing is an essential basis for everything else « 

The co-founders of Lucidum are Joel Fulton, former CISO at Splunk, and Charles Feng, former head of Security Innovations and Data Science at Splunk The founding team brings exceptional experience in IT leadership and machine learning from companies such as Boeing, Nordstrom, Symantec and Google

Lucidum was designed in collaboration with security leaders in global organizations across different industries Its investors include CISOs and IT executives from companies such as Levi’s, Cerner, Cimpress, Malwarebytes, Ross Stores, Medallia, TaskUs, Signal Sciences Corpet Rocket Software

« Effective IT and security management fundamentally starts with understanding what assets we have and what state they are in, » said Ralph Pyne, security manager at NextRoll, early access client “Lucidum automatically provides us with an accurate and risk-based picture of our entire environment, including all unknown unknowns. I expect our investment in Lucidum to produce a 10x return on investment resulting from greater effectiveness of other tools and of a more precise representation of the problems we need to solve « 

« The idea that IT teams can lasso every new asset brought onto the corporate network is one that everyone aspires to, but it’s almost utopian, » said Gary Miller, vice president and security manager at TaskUs, another early access customer “Based on their vision and experience to identify how this can be accomplished at Splunk and other companies, this is an issue that Joel and Charles are born to solve By providing permanent connections to all registry systems in our ever-changing environment, Lucidum offers us a centralized and always-on asset registry that puts IT utopia at our fingertips. »

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World news – United States – Lucidum raises 4 million dollars in seed investment to automate asset discovery



SOURCE: https://www.w24news.com/news/world-news-united-states-lucidum-raises-4-million-investment-to-automate-asset-discovery/?remotepost=492905

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