Lumosa startup that wants to provide enterprises with a complete solution to manage all SaaS applications their employees are using comes out of invisibility today. Company plans to enter the SaaS management market by combining security features such as role-based access control that IT departments need with self-service capabilities that employees need and expense reporting (and the ability to close unused accounts) that finance department needs .
Lumos also announced today that it has raised over $30 million in total from companies such as Andreesen Horowitz, Neo, Laci Groom, Google Cloud CIO Phil Venables, OpenAI CTO Greg Brockman, and others.
At its core, Lumos replaces IT tickets with a self-service portal for employees. The team argues that as businesses rely more and more on SaaS applications, it becomes more difficult for them to manage them. Often this means an additional bureaucratic layer of IT tickets to access the service, and additional costs for SaaS licenses for users who may not even use the service or leave the company – all of which are nearly impossible for IT and security. teams to keep up with the inevitable growth of shadow IT as employees try to bypass these systems.
The promise of Lumos is that it can provide access control as well as provide an employee self-service portal and automatically recognize, for example, when a user stops using a SaaS tool and then deprovision those accounts to save on licensing costs.
“As the world has moved from ‘bring your own device’ to ‘bring your own app’ and now to ‘bring your own office’, the problem of shadow IT is only getting worse. We are very excited to partner with the Lumos team as they create a tool that can shed light on this darkness,” he said. Peter Levin, general partner of Andreesen Horowitz.
As co-founder of Lumos Andrey Safundzich told me the idea for Lumos came from a privacy and ethics class he and his co-founder Leo Mer took at Stanford (with Alan Flores-Lopez the co-founding team ended shortly thereafter). The course, he says, made him realize that consumers can have password managers to protect their accounts, but there’s no easy way to manage user accounts, which they likely have on hundreds of services.
“Then I looked at my phone – and my phone was beautiful, right? I have everything on my home screen,” said Safundzic. “I can delete whatever I want. I can go into settings and turn off location sharing for Facebook. The App Store at Apple has made this a beautiful integrated platform. But if you look online, you have 100 websites, Figma, Airtable, Smartsheet, everything. So we just said, hey, let’s build this app store for the web.”
Today, this is still a long-term goal, but the team decided to focus on companies first because, as Safundzic candidly admitted, this is a simpler business model.
Because most services have open APIs that allow Lumos to create and delete accounts, the team didn’t even need to create a partner group to support getting started. The service integrates with existing IT systems so tickets are still created to ensure everything is registered, but then Lumos organizes everything is in the background. It supports services such as Okta, OneLogin, Google, and Azure AD for identity and access management, and easy account provisioning for services such as Zoom, Salesforce, AWS, and Datadog. Like any modern workflow-oriented service, it also integrates with Slack (Teams support coming soon).
With Torii, BetterCloud, Intello, and more, it’s clear that there are quite a few SaaS management services on the market already. After all, this is a huge business problem. But the Lumos team claims that these are not end-to-end solutions and do not offer all the compliance, self-service, and automation features that its tool offers.
It is worth noting that Safundzic has little experience in launching startups. Before co-founding Lumos, Safundzic created Tech4Germany, a GovTech startup that was acquired by the German Federal Chancellery.
Today Lumos already employs more than 30 employees. Current users include companies such as BuzzFeed, Dialpad, Major League Baseball, Mixpanel, Samsara, Skydio and Vox Media.
Credit: techcrunch.com /