Illumio, a US-based cybersecurity software producer backed by networking technology provider Juniper Networks, completed a $125m series D round led by clients advised by JP Morgan Asset Management yesterday.
The round also featured venture capital firms Andreessen Horowitz, General Catalyst, 8VC, Accel and Data Collective as well as unnamed new and existing investors.
Illumio’s Adaptive Security Platform uses adaptive segmentation technology to fight cyber threats by controlling the movement of unauthorised communications in data centres and public clouds.
The proceeds from the round, which Illumio said increased its total funding to $267m, will go to research and development, and to a “significant” expansion in the company’s global field sales, marketing and customer support.
The funding was closed at a higher valuation than Illumio’s last round, a $100m series C in 2015 that reportedly valued it at $1bn, according to TechCrunch.
Andrew Rubin, co-founder and CEO of Illumio, said: “Illumio is uniquely suited to address the needs of large and small organisations as they shift focus away from the perimeter and towards having complete visibility and control inside the data centre and cloud compute environments.”
Juniper Networks subsidiary Junos Innovation Fund took part in Illumio’s $8m series A round in early 2013 alongside Andreessen Horowitz, the latter returning later in the year for a $34m round that included General Catalyst and 8VC’s precursor, Formation 8.
The series C round closed in April 2015 and was co-led by BlackRock and Accel with participation from Formation 8, Andreessen Horowitz, General Catalyst and private investors John W. Thompson, Marc Benioff and Jerry Yang.