Illumio, a US-based cybersecurity software producer backed by networking technology provider Juniper Networks, has completed a $65m series E round led by clients advised by JP Morgan Asset Management.
Founded in 2013, Illumio develops software that helps enterprises foil malicious attacks on data centres and public clouds by controlling the direction of unsanctioned communications. It also provides live updates on factors including which IT applications are critical to operations and where software is most prone to cyber exploits.
The company offers support for micro-segmentation, a cybersecurity technique where workloads are assigned to small isolated zones to facilitate a more precise calibration of the client’s security protocols.
The series E injection will help Illumio extend its reach in the US while also building its presence in Europe and the Asia Pacific, Middle East and Africa regions. It grew its global headcount by 50% in 2018 and has now received approximately $333m of funding across a total of five rounds.
The company had most recently raised $125m in a mid-2017 series D round led by unnamed clients advised by JP Morgan and backed by Andreessen Horowitz, General Catalyst, 8VC, Accel and Data Collective as well as undisclosed new and existing investors.
Juniper Networks’ Junos Innovation Fund took part in Illumio’s $8m series A round in early 2013 alongside Andreessen Horowitz. The latter returned for a $34m round later that year also backed by General Catalyst and 8VC’s precursor, Formation 8.
Illumio subsequently closed a $100m series C round co-led by BlackRock and Accel at a reported $1bn valuation in 2015, with participation from Formation 8, Andreessen Horowitz, General Catalyst and private investors John Thompson, Marc Benioff and Jerry Yang.