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Cybersecurity startup Luminal has moved its headquarters to Maryland and plans to expand, thanks in part to a State investment, Governor Martin O’Malley announced Monday.
The InvestMaryland program, one of Governor O’Malley’s key economic development initiatives administered by the State’s Maryland Venture Fund, has awarded Luminal a $600,000 investment.
Previously based in West Virginia, Luminal recently moved to Frederick, Maryland. The company’s flagship product is Fugue, which brings control and security to cloud computing. The investment is part of a $3.8 million fundraising round Luminal will use to grow its engineering staff, continue product development and expand its customer base.
“The current model for computing is broken, and bad actors are racing far ahead of available defenses,” Josh Stella, CEO of Luminal and previously a principal solutions architect at Amazon Web Services, said in a statement. “We’re taking advantage of the nature of cloud computing to deliver native security, declarative control, and operational simplicity previously unattainable.”