Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Illumio Raises $225 Million at $2.75 Billion Valuation

Zero trust segmentation solutions provider Illumio on Thursday announced that it has raised $225 million in a Series F funding round, which brings the total raised by the company to more than $550 million.

Zero trust segmentation solutions provider Illumio on Thursday announced that it has raised $225 million in a Series F funding round, which brings the total raised by the company to more than $550 million.

The latest funding round was led by private equity firm Thoma Bravo and it values Illumio at $2.75 billion. News of this significant investment broke in April, when Bloomberg reported that the company was looking to raise roughly $250 million at a valuation of approximately $2.9 billion.

Illumio raises $225 million in a Series F funding roundFranklin Templeton, funds managed by Hamilton Lane, and Blue Owl Capital’s Owl Rock also supported the latest funding round.

“With this funding, we will accelerate our innovation in product and engineering, further invest in customer success, and build upon our global partner strategy,” said Andrew Rubin, CEO and co-founder of Illumio.

Illumio’s zero trust solutions are designed to segment internal networks in an effort to prevent lateral movement, which is typically seen in ransomware attacks and other types of data breaches. Its offering includes workload security and endpoint security products.

The Silicon Valley-based company says its solutions are used by many major organizations around the world, including some of the largest SaaS companies, insurance firms and banks.

Illumio was founded in 2013 and it emerged from stealth mode the next year. It achieved unicorn status in 2015.

Related: Micro-segmentation Security Firm Illumio Raises $65 Million

Related: Illumio Raises $125 Million to Expand Adaptive Segmentation Business

Advertisement. Scroll to continue reading.

Related: Micro-Segmentation for Endpoints Shows Promising Defense Against Lateral Movement

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

SecurityWeek talks to Billy Spears, CISO at Teradata (a multi-cloud analytics provider), and Lea Kissner, CISO at cloud security firm Lacework.

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.