Illumio is a cybersecurity firm that specializes in helping organizations prevent cyberattacks through its innovative platform.
Illumio is receiving $125 million in Series D funding because of its proven track record in providing effective cybersecurity solutions to its clients.
The funding will be used by Illumio to continue developing its platform and expanding its reach in the cybersecurity market.
Illumio, a leading provider of cybersecurity solutions, has recently announced that it has secured $125 million in Series D funding. This latest funding round was led by J.P. Morgan Asset Management, and brings the total amount raised by Illumio to $267 million. The companys existing investors, including Andreessen Horowitz, General Catalyst, 8VC, Accel, Citi Ventures, and Formation 8, also participated in this round.
Illumio was founded in 2013 by PJ Kirner and Andrew Rubin, with the aim of revolutionizing the way organizations protect their digital assets from cyber threats. The companys platform uses a micro-segmentation approach to prevent unauthorized access to sensitive data and applications. According to Andrew Rubin, the co-founder and CEO of Illumio, this latest funding will allow the company to accelerate its growth and innovation efforts. He stated, We are thrilled to have the support of J.P. Morgan Asset Management and our existing investors, as we continue to help organizations around the world secure their environments against a constantly evolving threat landscape. Over the past few years, Illumio has gained recognition for its cutting-edge cybersecurity solutions, and has attracted a wide range of clients across various industries. The companys platform is known for its ability to provide granular security controls and visibility, making it an ideal choice for organizations looking to enhance their cyber defenses. In a statement, Illumio mentioned that the funding will be used to further enhance its platform, expand its global presence, and invest in research and development. The company is also planning to increase its workforce and strengthen its partnerships with technology and channel partners. Overall, Illumios latest funding round is a testament to the growing demand for innovative cybersecurity solutions in todays digital age. As cyber threats continue to evolve and become more sophisticated, organizations are increasingly turning to companies like Illumio to help them stay one step ahead of cybercriminals.Illumios micro-segmentation approach to cybersecurity sets it apart from other firms, providing clients with granular security controls and visibility.
Illumio caters to a wide range of industries, including healthcare, finance, technology, and more, helping organizations across various sectors enhance their cyber defenses.
Illumios platform uses a unique micro-segmentation approach to prevent unauthorized access to sensitive data and applications, ensuring that organizations are protected against cyber threats.
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Illumio secures $125M in Series D funding.