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Full-Time

Product Operations

Spend Management Platform

Confirmed live in the last 24 hours

Lumos

Lumos

51-200 employees

SaaS management and identity governance platform

Enterprise Software
Cybersecurity

Compensation Overview

$100k - $170kAnnually

Junior, Mid

Remote in USA

Remote work culture with +/-4 hours from Pacific Time.

Category
Product Operations
Product
Required Skills
Product Management
Data Analysis
Responsibilities
  • Build Scalable Processes: Lumos supports hundreds of customers with their daily spend management activities. You’ll be responsible for identifying + reporting on key KPIs that ensure our customers consistently have a high quality experience using the product, as well as establishing internal process needed to ensure this is the case.
  • Lead by Doing: We are a small and scrappy team. Alongside your PM counterpart, you will be responsible for interpreting complex vendor agreements, transcribing their details into our system, and verifying that automatically transcribed agreements are accurate.
  • Enable Customers with Data: Develop our internal database of pricing benchmarks & negotiation tips, ensuring that customers are getting the best price on their software renewals. Identify new and novel ways for our customers to save using Lumos data, and work with product & customer success to translate those insights to customer action.
  • Influence Product Direction: Build subject matter expertise within the software spend management category, act as a “voice of the customer”, and share insights you’re learning with your engineering, product, and design counterparts. Collaborate with your EPD organization to improve our internal and in-product automation, shape the vision for how we help customers save on SaaS, and build a product that delights customers.

Lumos provides a platform for managing software applications, user access, and vendor relationships, specifically designed for IT and security teams. The platform automates routine tasks such as access provisioning and user access reviews, which helps reduce the workload on these teams and allows them to focus on more strategic initiatives. Unlike many competitors, Lumos emphasizes integration and automation, which leads to significant cost savings and improved efficiency for its clients. The goal of Lumos is to streamline IT operations, enhance security measures, and ensure compliance with various audit standards, ultimately helping organizations save time and reduce operational costs.

Company Stage

Series B

Total Funding

$70.3M

Headquarters

Palo Alto, California

Founded

2020

Growth & Insights
Headcount

6 month growth

17%

1 year growth

38%

2 year growth

125%
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Simplify's Take

What believers are saying

  • Securing $35M in Series B funding from prominent investors like Andreessen Horowitz and Scale Venture Partners indicates strong financial backing and growth potential.
  • The platform's ability to drastically reduce IT tickets and software costs has already attracted top enterprise clients like Pinterest, MongoDB, and GitHub.
  • Lumos's continuous innovation, such as developing an employee identity application, positions it as a leader in the evolving IT and security landscape.

What critics are saying

  • The competitive landscape in IT management and cybersecurity is intense, requiring Lumos to continuously innovate to maintain its edge.
  • Integrating new features and maintaining compliance with various audit standards can be resource-intensive and challenging.

What makes Lumos unique

  • Lumos uniquely integrates SaaS management and identity governance into a single platform, unlike competitors who often offer these services separately.
  • Their focus on automating routine IT tasks and reducing software expenses provides a clear ROI for clients, setting them apart from traditional IT management solutions.
  • Lumos's compliance with audit standards like SOX, SOC 2, and ISO 27001 makes it particularly appealing to enterprises with stringent regulatory requirements.

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Benefits

💯 Remote work culture

💯 Medical, Vision, & Dental coverage covered by Lumos

🛩 Quarterly team bonding trips fully covered by Lumos + Annual bonding stipend for even more travel flexibility

💻 Optimal WFH setup to set you up for success

🌴 Unlimited PTO, with minimum time off to make sure you are rested and able to be at your best

👶🏽 Up to (4) months off for both the Birthing & Non-birthing parent

💰 Wellness stipend to keep you awesome and healthy

🏦 401k contribution plan