- This operation brings the valuation of the company specializing in the segmentation of computer networks to 1.18 billion dollars.
- This funding should allow Illumio to expand internationally, particularly in Europe and Asia.
The American start-up Illumio, specialized in the segmentation of computer networks, has completed a round of funding of $ 125 million in Series D led by JP Morgan Asset Management. Historic investors, such as Andreessen Horowitz, General Catalyst, 8VC, Accel and DCVC also participated in the transaction. This brings the valuation of the company to 1.18 billion dollars.
Founded in 2013 by PJ Kirner and Andrew Rubin, Illumio offers companies software that segment their computer network. The aim of the device is to prevent cybercriminals from infecting all of a company’s computers from a single device. The Sunnyvale-based company claims a hundred customers, including JPMorgan Chase & Co, Morgan Stanley, Workday and Salesforce.
In the market for computer systems virtualization technologies, Illumio faces increasingly intense competition. Thus, VMware, Cisco Systems and Armor offer alternatives in this sector.
The objectives of the Start-up
This funding should allow Illumio to expand internationally, particularly in Europe and Asia. For this, the company plans to increase its sales and marketing operations.
Founders: PJ Kirner and Andrew Rubin
Creation date : 2013
Seat : Sunnyvale
Activity: segmentation of computer networks
Funding: $ 125 million in June 2017