Illumio, a pioneer in Zero Trust Segmentation, has raised $225 million in Series F financing while being valued at $2.75 billion. Illumio will use this money to speed up product and technical innovation, invest more in customer success, and expand their worldwide channel partner strategy.
Illumio has pioneered Zero Trust Segmentation, and its SaaS platform would make it simple to deploy automated enforcement in minutes, lowering risk by preventing successful hacks and ransomware from spreading to additional apps, clouds, containers, data centers, and endpoints.
Illumio is now used by a number of Fortune 100 businesses and hundreds of worldwide enterprises, including three of the top enterprise SaaS firms, five of the top insurance companies, and six of the top ten banks in the world.
“Adopting Zero Trust strategies has never been more important for organizations across all industries, as the Biden Administration’s recent cybersecurity Executive Order demonstrates,” said Andrew Rubin, CEO and co-founder of Illumio. “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. With this funding, we will accelerate our innovation in product and engineering, further invest in customer success, and build upon our global partner strategy.”
Thoma Bravo is leading the funding round, which is also backed by Franklin Templeton, Hamilton Lane funds, and Owl Rock, a branch of Blue Owl Capital.
Zero Trust Segmentation
According to Illumio, their Zero Trust Segmentation offering is quick, easy, and cloud-native. Illumio Core and Illumio Edge would make it simple to divide and protect workloads at any size, from 100 to 100,000+ workloads, in hybrid, multi-cloud IT estates. In only minutes, Illumio would provide intelligent visibility, a radically simple policy development engine, and automatic segmentation and enforcement.
“As the volume and sophistication of cyberattacks increases, Zero Trust Segmentation is set for a breakthrough moment, and Illumio is the clear market leader,” said Robert (Tre) Sayle, a partner at Thoma Bravo. “Illumio plays a critical role in protecting some of the largest organizations in the world and is well-positioned to build upon its record-breaking growth with continued sales momentum and product innovation. We look forward to partnering with the talented Illumio team and leveraging Thoma Bravo’s significant security and operational expertise as we embark on an initiative to invest in hyper growth software and technology companies.”