Illumio has closed its $100 million Series C financing round. The company will use the new funding to meet rapidly increasing demand for the Illumio Adaptive Security Platform (ASP) – a security solution for bare-metal servers, VMs and cloud infrastructure. This brings the security company’s total investment to more than $142 million in the past 27 months.
Illumio’s Adaptive Security Platform (ASP) visualizes application traffic and delivers continuous, scalable and dynamic policy and enforcement to bare-metal servers, VMs and containers in data center and public cloud infrastructure. Illumio ASP aims at delivering adaptive security to the “80 percent” of data center and public cloud that perimeter technologies fail to protect.
The security company will use the new funding to meet rapidly increasing demand for the Illumio Adaptive Security Platform (ASP), invest in R&D to drive additional platform expansion, grow its sales and marketing efforts, and fuel international expansion.
“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.”
Salesforce CEO Marc Benioff
Participating in the financing 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.
“The wide range of investors supporting Illumio reflects the company’s strong traction with Fortune 500 customers, the innovation of its policy and enforcement approach, and the magnitude of the problem it solves,” said John W. Thompson, Illumio board member, CEO of Virtual Instruments and chairman of the board for Microsoft. “The technology gap enterprises face in securing the interiors of their data centers and public cloud computing platforms is creating the proving ground to seize a once-in-a-generation opportunity to deliver a major new platform in the security space.”