Illumio Raises $65M And Expands Leadership Team With New CFO And Board Director Appointment
SUNNYVALE, Calif., Feb. 7, 2019 /PRNewswire/ -- Illumio, a cybersecurity leader delivering micro-segmentation, today announced it has closed $65 million in Series E funding led by clients advised by J.P. Morgan Asset Management. Illumio is one of the top-funded cybersecurity companies and has raised over $332.5 million in funding to date.
Increasingly, organizations are embracing micro-segmentation as a foundational part of their cybersecurity strategy. Since entering the market, Illumio has become a leading player in the multi-billion dollar micro-segmentation market with customers such as Morgan Stanley, Salesforce, BNP Paribas, and Oracle NetSuite. Illumio has also been recognized as an industry leader through its ability to prevent the spread of breaches inside any data center or cloud environment – a challenge facing all organizations.
"A key factor for any Zero Trust enterprise or strategy is to know what assets and controls are in place and to be able to understand, with context, what transactions and threats are critical to the business," writes Chase Cunningham, principal analyst serving security & risk professionals, Forrester, in The Forrester Wave™: Zero Trust eXtended (ZTX) Ecosystem Providers, Q4 2018 report. "In this regard, Illumio shines. The technology provided by the vendor aligns well with enabling the establishment of Zero Trust for an organization, and its ability to provide the contextual insight of threat areas and workflows for both security and continuity stand out in the space."
"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."
In addition to this new round of strategic funding, Illumio announced the appointment of seasoned financial executive, Anup Singh, as Chief Financial Officer. Singh has over 25 years of financial leadership experience in the global tech industry and was previously CFO at high-growth companies such as Anaplan, Nimble Storage, Clearwell Systems, and Asurion. "The role of the CFO is to understand the value drivers in the business and to partner with the executive team in executing against our growth strategy," said Singh. "I am looking forward to joining the team and to help scale the company to the next level. Illumio has experienced significant growth and I see an enormous market opportunity for us."
Illumio also appointed John Hinshaw to the company's Board of Directors. Hinshaw is an angel investor and tech industry veteran with 25 years of experience working wit innovative security technologies across the banking and financial services, federal government, communications, and aerospace industries. He served as CIO of Boeing and is currently on the boards of The Bank of New York Mellon, DocuSign, and Sysco Corporation. "There's a lot of momentum and growth in this industry and we're seeing enterprises increase their cybersecurity budgets dramatically," said Hinshaw. "I believe Illumio is making strides with micro-segmentation to help these companies and organizations protect their mission-critical information." Hinshaw will advise the company on its business strategy, software innovation, and go-to-market.
Illumio's patented software technology is the first to deliver real-time application and vulnerability mapping that shows crown jewel applications and where organizations have the greatest security risk. These applications are then secured through micro-segmentation, which isolates and protects them from the spread of breaches.
With this new round of funding, Illumio will support the continued expansion of the company's presence in the US, EMEA, and APAC, where Illumio has seen a 50 percent increase in total global headcount in 2018.
Other milestones and significant growth numbers in 2018 include:
- Increased North American headcount by 42 percent, EMEA headcount by 450 percent, and APAC headcount by 160 percent
- Ranked as a Strong Performer in The Forrester Wave™: Zero Trust eXtended (ZTX) Ecosystem Providers, Q4 2018 report
- Appointed Jonathan Reiber, former Pentagon Chief Strategy Officer for Cyber Policy, as Head of Cybersecurity Strategy
- Achieved federal compliance for securing high value assets (FIPS 140-2 Level 1 security certification)
- Received numerous accolades and awards, including the Forbes Cloud 100 list, Morgan Stanley's CTO Innovation Award, CNBC's Disruptor 50 list, and a SIIA CODiE Award for Best Network Security Solution
Already in 2019, Illumio has had a significant announcement with the full availability of its PCE Supercluster technology, making it the first company to offer a micro-segmentation and visibility solution that scales well beyond 100,000 workloads. For more information, deep dive into PCE Supercluster on the Illumio blog.
Illumio, the leader in micro-segmentation, prevents the spread of breaches inside data center and cloud environments. Enterprises such as Morgan Stanley, BNP Paribas, Salesforce, and Oracle NetSuite use Illumio to reduce cyber risk and achieve regulatory compliance. The Illumio Adaptive Security Platform® uniquely protects critical information with real-time application dependency and vulnerability mapping coupled with micro-segmentation that works across any data center, public cloud, or hybrid cloud deployment on bare-metal, virtual machines, and containers. For more information, visit https://www.illumio.com/what-we-do and:
Media and Analyst Contact
Michelle Van Jura
Intersect Communications, for Illumio
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