Lumos helps companies manage their employees’ identities — and access

Andrej Safundzic, Alan Flores Lopez and Leo Mehr met in a category at Stanford specializing in ethics, public coverage and technological change. Safundzic — chatting with TechCrunch — says that the category drove residence the purpose that few folks, notably within the company sector, have management over their on-line identities.

“The way forward for software program is in automating handbook workflows totally end-to-end,” Safundzic stated. “Authorization choices are most likely one of many first workflows that make sense for this, since they’re a really simple — but in addition extremely frequent — want with actual enterprise affect.”

It’s this seed of an concept that led Safundzic, Lopez and Mehr to brainstorm methods to higher handle digital company identities. Their efforts culminated in Lumos, a platform that helps corporations handle app entry permissions throughout on-premises and cloud environments.

Lumos, which will be accessed by way of a command line or the online, helps to orchestrate duties like audits of which customers have entry to which apps and methods inside a company setting. Past this, Lumos can estimate and suggest methods to scale back spend on software program licenses by monitoring utilization and integrating bills information. And — leveraging AI — Lumos can convert help tickets into workflows and analyze worker information to recommend modifications to workers entry credentials.

Lumos’ instruments come particularly in useful for companies with numerous apps to wrangle, Safundzic says — which surveys would recommend is most companies. Per BetterCloud, corporations have been utilizing a median of 130 apps as of 2023, up 18% from the yr prior.

“Now that individuals are beginning to make investments once more, our options round worker onboarding and ticket automation are gaining traction as a result of IT leaders wish to allow their workforce to realize extra,” Safundzic stated. “The way forward for entry administration is IT and identification entry administration turning into extra of a strategic operate that tunes and releases AI brokers that automate repetitive duties in several areas.”

With claims of 9x income progress since May 2022 and a buyer base that features Roku, MongoDB and Chegg, it’s not stunning that some VCs are throwing their weight behind Lumos. This week, the startup closed a $35 million Sequence B tranche led by Scale Enterprise Companions with participation from a16z, Harpoon Ventures, Neo and others.

With a complete of over $65 million within the financial institution, Lumos is well-positioned to move off the many, many rivals within the entry and identification administration identification markets, Safundzic says.

“Constructing a generalizable core infrastructure makes it potential to mature our merchandise method sooner than regular,” Safundzic stated. “Due to that, Lumos has been capable of develop sooner than aggressive level options as a result of we serve a number of ache factors for purchasers, which made us present up in many various requests for proposals. For any firm constructing an end-to-end platform, you’ll have a variety of opponents because of the massive product floor.”

Lumos, which relies in San Francisco, plans to develop its workforce from 95 folks to ~150 by the tip of the yr.