Illumio Raises $65 Million and Expands Leadership Team

Feb 12, 2019


Illumio, a cybersecurity leader delivering micro-segmentation, announced it has closed $65 million in Series E funding led by clients advised by J.P. Morgan Asset Management. Illumio is one of the top-funded cybersecurity companies and has raised over $332.5 million in funding to date.

Increasingly, organizations are embracing micro-segmentation as a foundational part of their cybersecurity strategy. Since entering the market, Illumio has become a leading player in the multi-billion dollar micro-segmentation market with customers such as Morgan Stanley, Salesforce, BNP Paribas, and Oracle NetSuite.

In addition to this new round of strategic funding, Illumio announced the appointment of seasoned financial executive, Anup Singh, as Chief Financial Officer. Singh has over 25 years of financial leadership experience in the global tech industry and was previously CFO at high-growth companies such as Anaplan, Nimble Storage, Clearwell Systems, and Asurion.

Illumio also appointed John Hinshaw to the company's Board of Directors. Hinshaw is an angel investor and tech industry veteran with 25 years of experience working with innovative security technologies across the banking and financial services, federal government, communications, and aerospace industries. He served as CIO of Boeing and is currently on the boards of The Bank of New York Mellon, DocuSign, and Sysco Corporation.

With this new round of funding, Illumio will support the continued expansion of the company's presence in the US, EMEA, and APAC, where Illumio has seen a 50 percent increase in total global headcount in 2018.


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