Tag Archives: Maryland Venture Fund

Luminal Closes $10m Series B Financing, Led by NEA

Luminal has developed a solution to bring control, efficiency, and security to cloud computing.

FREDERICK, MD, August 14, 2014—Luminal, a Maryland-based startup developing next-generation solutions for cloud operations and management, announced it has closed a $10M Series B financing round, led by New Enterprise Associates (NEA). Previous investors, including Core Capital Partners and Maryland Venture Fund, also participated in the round. This brings Luminal’s total amount of financing to $13.8M.

“This investment led by NEA will allow us to grow our team and expand our beta customer base in advance of general availability of our product,” said Josh Stella, founder and CEO of Luminal. “We’re building solutions from first principles to tackle hard problems in computing, and the strong support we’ve received from NEA, Core Capital, Maryland Venture Fund, and our other investors helps make that possible.” Continue reading

Luminal Closes $3.8m Series A Financing, Led by Core Capital, Maryland Venture Fund, and NEA

FREDERICK, MD—April 22, 2014—Luminal has closed a $3.8MM Series A financing round with Core Capital Partners, Maryland Venture Fund, New Enterprise Associates, and other investors. The round includes the conversion of $1.1MM in convertible debt the company raised in August 2012.

Luminal is addressing deficiencies in traditional computing architectures that perpetuate operational complexity and security vulnerabilities. The company is working with early customers to further develop its solution for general availability, initially on Amazon Web Services.

The current model for computing is broken, and bad actors are racing far ahead of available defenses. We’re taking advantage of the nature of cloud computing to deliver native security, declarative control, and operational simplicity previously unattainable.

The company will use the investment to grow its engineering staff to continue product development and expand its customer base.