Illumio Raises $225M in Series F; at $2.75 Billion Valuation


Illumio, a Sunnyvale, California-based Zero Trust Segmentation company, raised $225m in Series F funding round at a $2.75 billion valuation.

The round was led by Thoma Bravo with participation from Franklin Templeton, funds managed by Hamilton Lane, and Owl Rock, a division of Blue Owl Capital.

Led by Andrew Rubin, CEO and co-founder, Illumio provides a SaaS-based Zero Trust Segmentation, platform that makes it easy to deliver automated enforcement in minutes, reducing risk by stopping cyberattacks and ransomware from moving to other applications, clouds, containers, data centers, and endpoints.

Illumio Core and Illumio Edge make it easy to segment your hybrid, multi-cloud IT estates and to secure workloads at any scale, from 100 to 100,000+ workloads. The solutions deliver intelligent visibility, a policy creation engine, and automated segmentation and enforcement in minutes.

Many Fortune 100 companies and hundreds of global enterprises are using Illumio, including the three top enterprise SaaS companies, five of the leading insurance companies, and six of the ten biggest banks in the world.