Showing posts with label Illumio. Show all posts
Showing posts with label Illumio. Show all posts

Thursday, June 24, 2021

 Illumio raises $225 million for its Zero Trust Segmentation

Illumio, a start-up based in Sunnyvale, California, announced a $225 million Series F funding round at a $2.75 billion valuation for its Zero Trust Segmentation solutions. 

Illumio says its Zero Trust Segmentation SaaS platform delivers automated enforcement in minutes, dramatically reducing risk by stopping successful cyberattacks and ransomware from moving to other applications, clouds, containers, data centers, and endpoints. Th company claims many Fortune 100 companies and hundreds of global enterprises as customers, including the three top enterprise SaaS companies, five of the leading insurance companies, and six of the ten biggest banks in the world.

The round was led by Thoma Bravo and is also supported by Franklin Templeton, funds managed by Hamilton Lane, and Owl Rock, a division of Blue Owl Capital.

“Adopting Zero Trust strategies has never been more important for organizations across all industries, as the Biden Administration’s recent cybersecurity Executive Order demonstrates. This investment signals that now is the time to reimagine the cybersecurity model as we know it, with Zero Trust Segmentation playing a fundamental role in this strategic shift,” said Andrew Rubin, CEO and co-founder of Illumio. “With this funding, we will accelerate our innovation in product and engineering, further invest in customer success, and build upon our global partner strategy.”



Thursday, April 16, 2015

Illumio Raises $100 Million for Adaptive Security

Illumio, a start-up based in Sunnyvale, California, raised $100 million in Series C funding for its adaptive security platform for data centers and public clouds.

The software-based Illumio Adaptive Security Platform (ASP) programs and enforces security policies across applications, workloads and processes as they are provisioned, operated and moved in any data center or private and public cloud infrastructure.

Illumio has recently extended its policy model to F5's BIG-IP Local Traffic Manager (LTM) and NGINX product lines. The company also announced continuous delivery of security policies and enforcement down to the process level within workloads.  Illumio said its ASP introduces this form of nano-segmentation for application isolation and control down to individual processes on a single host.  If any part of an application changes (such as auto scaling the web tier with new web servers), Illumio ASP automatically adapts security policies on all impacted workloads or processes.

“Perimeter security solutions leave 80 percent of the data center and cloud exposed and vulnerable to attacks that often lead to costly data breaches,” said Andrew Rubin, co-founder and CEO, Illumio. “Our market traction demonstrates that Illumio ASP is delivering security across all computing resources, infrastructures and applications. The funding and strong vote of confidence from investors will allow us to expand our market opportunity much more aggressively and to extend our platform deeper into more data center and computing elements.”

Participating in the round are new investors BlackRock Funds and Accel Partners, joined by existing venture investors Formation 8, Andreessen Horowitz and General Catalyst. Also participating are Microsoft Chairman John W. Thompson, Salesforce CEO Marc Benioff and Yahoo co-founder Jerry Yang.

https://www.illumio.com