How does someone build a career in successful startup exits 5 companies deep in a smaller and still emerging tech hub like Ann Arbor? Ask Jim Simpson, who has done just that in the burgeoning security startup scene in Ann Arbor with startups including Duo Security and Arbor Networks. Now new security startup Blumira, whose alumni include people from Duo Security, Censys, Groundspeed, Deepfield by Nokia and the NSA, has just hired Ann Arbor security startup veteran Jim Simpson as VP of Product as the company heads into its next building phase. Blumira has closed on $2.6 million in funding in the last year and recently doubled its team of about a dozen to two dozen, hoping to double that again in the next year to 50. We chatted with Simpson this week about the company’s rapid growth and how Blumira is working with the dynamics created by COVID-19 instead of against it to build success.
If you’re in tech, you know something special has been happening in Ann Arbor, Michigan, the last few years. First cybersecurity startup Duo Security was acquired by Cisco for $2.3 billion, alongside 3 other Southeastern Michigan companies that became the region’s first unicorn startups, or tech startups valued at over $1 billion. Ann Arbor, with its solid tech talent pipeline from the University of Michigan and local business hubs that are home to now hundreds of software, life science and biotech, and security startups, has been ranked as an emerging tech hub by national outlets. Then the Duo team present for the exit got the startup itch. Now Blumira, founded in 2018 by tech alum of Duo Security, Censys and the NSA, just raised $2.6 million in seed round funding, is doubling its staff, and is disrupting the security SIEM (Security Incident and Event Monitoring) market to offer streamlined security services to small businesses.