Lumos helps companies manage their employees’ identities and access

Andrej Safundzic, Alan Flores López, and Leo Mehr met in a class at Stanford focused on ethics, public policy, and technological change. Safundzic, speaking with TechCrunch, says the class made clear that few people, particularly in the corporate sector, have control over their online identities.

“The future of software is automating end-to-end manual workflows,” Safundzic said. “Authorization decisions are probably one of the first workflows that make sense for this, as they are a very simple, but also very frequent need, with a real impact on the business.”

It’s this seed of an idea that led Safundzic, López and Mehr to think about ways to better manage digital corporate identities. Their efforts culminated in Lumos, a platform that helps businesses manage app access permissions across on-premises and cloud environments.

Lumos, which can be accessed via a command line or the web, helps organize tasks such as audits of which users have access to which applications and systems within a corporate environment. Beyond this, Lumos can estimate and recommend ways to reduce software license spend by tracking usage and integrating spend data. And, leveraging AI, Lumos can convert support tickets into workflows and analyze employee data to suggest modifications to staff access credentials.

Lumos tools are especially useful for companies with many applications to deal with, Safundzic says, which surveys would suggest is the majority of companies. According to BetterCloud, businesses were using an average of 130 apps in 2023, up 18% from the previous year.

“Now that people are starting to invest again, our features related to employee onboarding and ticket automation are gaining traction because IT leaders want to enable their workforce to achieve more,” Safundzic said. “The future of access management is for IT and identity access management to become more of a strategic function that tunes and unleashes AI agents that automate repetitive tasks in different areas.”

With claims of nine times revenue growth from May 2022 and a customer base that includes Roku, MongoDB, and Chegg, it’s no surprise that some venture capitalists are backing Lumos. This week, the startup closed a $35 million Series B tranche led by Scale Venture Partners with participation from a16z, Harpoon Ventures, Neo and others.

With a total of more than $65 million in the bank, Lumos is well positioned to take on the many rivals in the identity management and access markets, Safundzic says.

“Building a generalizable core infrastructure makes it possible for our products to mature much faster than normal,” Safundzic said. “Because of that, Lumos has been able to grow faster than competing point solutions because we address multiple pain points for customers, which caused us to be featured in many different RFPs. “For any company that creates an end-to-end platform, they will have many competitors due to the large footprint of the product.”

San Francisco-based Lumos plans to grow its workforce from 95 people to ~150 by the end of the year.

Leave a Comment