Cybersecurity company Illumio has raised $65m in its Series E round which was led by clients advised by J.P. Morgan Asset Management.
The new capital fusion will be used to further Illumio’s global expansion by cementing its presence in the US, EMEA, and APAC, alongside this, Illumio Is set to bolster its innovation.
In addition to the round of funding, the company revealed it has named Anup Singh as its new chief financial officer. Prior to this role, Singh has served as the CFO at companies like Anaplan, Nimble Storage, Clearwell Systems, and Asurion.
Illumio offers a real-time application and vulnerability mapping which helps companies to locate where they are most at risk to online threats. Once a risk has been uncovered, the technology secures it through micro-segmentation, isolating it and protecting it from spreading the breaches.
Financial institutions can utilise Illumio for compliance with regulations such as SWIFT/ACH, PCI DSS, and PSD2, and stop malicious entities operating across the network. The Zero Trust solution helps firms determine how transactions flow through the business and how other systems or users are accessing its applications, services or data.
Clients can also implement micro-perimeters across its applications and resources, applying granular policies and control, while also monitoring any suspicious behaviour.
This series close comes after a strong year of growth, which resulted in an increase to its global headcount of 50 per cent, the company said.
Illumio CEO and co-founder Andrew Rubin said, “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. 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.”
This new investment round has brought the company’s total equity raised to more than $332.5m.
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