Cybersecurity startup Illumio just raised $65 million and hired a CFO
Cybersecurity startup Illumio just raised a major round of funding that will help it take on Cisco and VMware. And on top of that, it just hired a CFO, ahead of its grand vision of going public some day.
On Thursday, Illumio announced the closing of $65 million in Series E funding, in a round led by clients advised by J.P. Morgan Asset Management. In total, it has raised $332.5 million in funding.
Although he did not disclose its valuation, CEO and co-founderAndrew Rubin says it's was "a significant uptick from our series D" in 2017. At that time, Illumio had a valuation of $1.18 billion, according to Pitchbook.
Illumio also announced it hired Anup Singh, who had previously worked as CFO of Anaplan. Illumio declined to comment on the possibility of one day going public, but having a CFO will help it build a sustainable and durable company that will make it possible to, perhaps, have an IPO, says Rubin.
"Whether we have an IPO along or not remains to be seen, but the reason why I joined is to continue to scale the company to the next level," Singh told Business Insider. "The company has a lot of opportunities to grow to a very large company. We have built a world class team. I'm super excited to work alongside the team in continuing to build the company."
Illumio, which started six years ago, has grown to a 330-person global company. With the funding, Illumio plans to expand the company's footprint and market strategy.
Rubin recalls that when he first co-founded the company, the service Illumio provides — a specific type of cybersecurity tech, called segmentation — wasn't very well known. Illumio's brand of segmentation creates virtual "zones" in data centers and the cloud, so that that each applications can be individually isolated and secured.
"In all early markets, it feels like you have to evangelize why something is important," Rubin told Business Insider. "We do not feel that way anymore. The market and customers have come around to the realization that segmentation is no longer something that seems interesting and new."
Industry: Cyber Security News
- CIAM Architect Azure B2C
We are seeking a highly skilled and experienced Azure B2C CIAM Architect for a contract starting on Jan 2024. As an Azure B2C CIAM Architect, you will be responsible for designing, implementing, and deploying an new Azure B2C Solution . Responsibilities: Design and implement an Azure B2C-based CIAM solution that meets the needs of our clients organization. Maintain and support the Azure B2C-based CIAM solution. Provide training and support to our employees on the use of the CIAM solution. Background designing, implementing, and maintaining CIAM solutions. Experience with cloud-based identity and access management (IAM) solutions. Experience with OAuth, OpenID Connect,and SAML. Excellent written and verbal communication skills
- Senior IAM Consultant
- Upto €110,000 depending on level of position
Senior IAM Consultant is needed to help lead and deploy IAM Projects for this expand IAM Consultancy The ideal candidate will have a deep understanding of IAM concepts and technologies, as well as experience in deploying and managing complex IAM solutions. Responsibilities Lead the deployment of IAM solutions for our clients Work with clients to understand their IAM requirements and design solutions that meet their needs Configure and implement IAM solutions using best practices Integrate IAM solutions with other enterprise systems Provide training and support to clients on the use of IAM solutions Stay up-to-date on the latest IAM technologies and trends We are looking for an experieneced IAM Consutlatn with: Strong understanding of IAM concepts and technologies,including identity lifecycle management,access control,and authentication Experience in deploying and managing complex IAM solutions Experience with IAM products and solutions,such as SailPoint,One Identity Manager,and Azure Active Directory Excellent communication and interpersonal skills Ability to work independently and as part of a team Fluent in German Candidates witll need to live and have the right to work within Germany to be considered.
- Security Architect - SOC Design - Outside IR35 London. SC / DV cleared
- Outside IR35
Security Architect - With in-depth SOC Design experience needed for Outside IR35 London. SC / DV cleared. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design with mobile network experience. HLD / LLD Current SC Clearance a must. Willingness to undertake DV. London 3 days a week Immediately interviewing.
- Cyber Security Risk Consultant. UK. Hybrid. Home | Work balance
- United Kingdom
Cyber Security Consultancy - done the right way. Seeking a passionate Cyber Security Risk Consultant who enjoys helping clients make a different to their business. Warning- if you want a large, slow moving, high politics, high travel security consultancy that demands their a pound of flesh this is NOT for you. A successful individual will have experience working with clients to identify business cyber security risk. This is a remote first opportunity which means you will spend the majority of your time working remotely. You will however spend some time meeting clients as well as meeting up with the team on a monthly basis.. Some of the nice to have certifications. CRISC, ISO27001 Lead implementer, CISA, CISM, CISSP Along with dedicated training budgets, unlimited holiday and a structured career path, this opportunity will give a much needed work life balance. Unable to offer Visa sponsorship now or in the future. Apply and book a call in my diary with the below