Micro-segmentation Security Firm Illumio Raises $65 Million
Illumio, a company that specializes in securing data centers and cloud environments through micro-segmentation, on Thursday announced that it raised $65 million in a Series E funding round, which brings the total raised to date to more than $332.5 million.
The latest funding round will help Illumio continue to expand its presence in the United States and the EMEA and APAC regions. The company says its headcount increased by 42 percent in North America, 450 percent in EMEA and 160 percent in the APAC region last year.
In addition to the funding, Illumio announced that it has expanded its leadership team by appointing Anup Singh as Chief Financial Officer and John Hinshaw to its board of directors.
Singh has more than 25 years of experience as a finance leader in the tech industry. He previously served as CFO at Anaplan, Nimble Storage, Clearwell Systems, and Asurion. Hinshaw is an angel investor and a veteran in the tech industry. He held the role of CIO at Boeing and is currently on the boards of several major organizations.
Illumio’s solutions are designed to help organizations identify critical applications and security risks. Applications are secured through micro-segmentation, which prevents malicious insiders from accessing systems they are not authorized to, and it ensures that external attackers with access to data center or cloud environments cannot move laterally. Its customers include Salesforce, Morgan Stanley, Oracle NetSuite and BNP Paribas.
“Regardless of industry or size, every organization has crown jewel or regulated assets running in their environment, and the only way to protect them effectively is ringfencing and segmentation,” said Andrew Rubin, CEO and co-founder of Illumio. “With this latest round of funding, we’re continuing to invest in scaling our global go-to-market as well as the innovation of our platform.”