Illumio raises US$100m in new funding for security app
US start-up Illumio has secured an additional £67 million (US$100 million) in funding and the backing of several tech superheroes.
In its first 27 months of existence, the company has raised a total of £95 million. Participating in the round are new investors BlackRock Funds and Accel Partners, joined by existing venture investors Formation 8, Andreessen Horowitz and General Catalyst. Also participating are Microsoft Chairman John W Thompson, Salesforce CEO Marc Benioff and Yahoo co-founder Jerry Yang.
It will use the money to “rapidly increase demand for the Illumio Adaptive Security Platform, invest in R&D to drive additional platform expansion, grow its sales and marketing efforts and fuel international expansion”.
“Perimeter security solutions leave 80 percent of the data centre and cloud exposed and vulnerable to attacks that often lead to costly data breaches,” said Andrew Rubin, co-founder and CEO, Illumio.
In an interview with the New York Times, he said the company's objective was to build a security solution that solves today's problems. ASP will build up a picture of the internal structure of the network and present it to the security administrator, while running efficiently in the background and, most importantly, not interfering in normal operations.
“One thing we've heard consistently from customers is, ‘We want our security software to get out of the way,'” Rubin said. He later told SCMagazineUK.com how he considers rivals in the firewall space, and says plans are on-going for a UK office.
John W Thompson, Illumio board member, CEO of Virtual Instruments and chairman of the board for Microsoft, said, “The technology gap enterprises face in securing the interiors of their data centres and public cloud computing platforms is creating the proving ground to seize a once-in-a-generation opportunity to deliver a major new platform in the security space.”
Illumio says that, “ASP programs the ideal security policy and manages enforcement across applications, workloads and processes as they are provisioned, operated and moved in any data centre or private and public cloud infrastructure.”
“The funding and strong vote of confidence from investors will allow us to expand our market opportunity much more aggressively and to extend our platform deeper into more data centre and computing elements,” Rubin said.
Clients of Illumio include Morgan Stanley, Plantronics, NTT and Creative Artists Agency (CAA).
Illumio also announced new product capabilities and a partnership with F5.