Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

 

Venture Capital Database 2014 Now Available

Luminal closes $10M Series B Financing, Led by NEA

The company 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 and the 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."

Luminal has developed a solution to automate the deployment and operations of cloud-based systems to bring a level of control, efficiency, and security previously unattainable in cloud computing. The product initially will be available on Amazon Web Services.

"Truly unlocking the cloud opportunity requires a fundamental shift in application deployment," said Harry Weller, General Partner at NEA. "The complexity of cloud deployments is only increasing with adoption, and there is an escalating need for a cheaper, more scalable way to manage it all. Luminal is developing a radically new approach to cloud architecture that leverages ephemeral components to allow for a higher degree of automation, efficiency and security."

"It's gratifying to invest at the ground floor in a team that has been able to remain focused on its vision and make significant technical progress over the last year," said Pascal Luck, Managing Director at Core Capital. "Over this short period we have seen an increasing market need for Luminal's product and the recent investment will allow the Company to continue to attract world class talent to drive the technical and business functions of the Company."

Those interested in participating in the Luminal beta can send an email to beta@luminal.com or visit www.luminal.com. Luminal is hiring experts in language design, distributed computing, and cloud infrastructure to expand its global team.

Connect with Luminal

Twitter: www.twitter.com/LuminalHQ
LinkedIn: www.linkedin.com/company/luminal-inc-
Blog: www.luminal.com/blog

About Luminal

Luminal is a venture­-backed software startup developing next-generation solutions for the operations and maintenance of cloud­-based systems. Luminal was founded in 2012 and is based in Frederick, MD and Washington, DC. For additional information, visit www.luminal.com.

About NEA

New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With approximately $13 billion in committed capital, NEA invests in information technology, healthcare, and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 175 portfolio company IPOs and more than 300 acquisitions. For additional information, visit www.nea.com.

About Core Capital

Core Capital is a leading venture capital firm headquartered in downtown Washington, D.C., that invests in early-stage ventures and emerging growth companies developing or incorporating disruptive, "core" technologies in high-growth technology sectors such as Cyber Security, Cloud, and Data Analytics. Our focus is on teams and companies in the information technology, digital media, and technology-enabled services arenas, led by seasoned entrepreneurs. For additional information, visit www.core-capital.com.

About DBED

The Maryland Department of Business and Economic Development stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. The Department promotes the State's many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. For additional information, visit www.ChooseMaryland.org.


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

VC Pitch
Private Placement Memorandum

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer