In the last 90 days, the world has been subjected to the worst ransomware and cyberattacks we’ve ever seen. With the onslaught of recent breaches like Colonial Pipeline, it’s abundantly clear that nefarious actors are beating us time and time again, despite record high spending. In short, the cybersecurity model is failing us.
President Biden’s Executive Order (EO) took an important step in the right direction by acknowledging that detection alone is insufficient, and we cannot stop all security incidents. The EO calls on federal agencies to implement a Zero Trust framework, specifically including segmentation, to mitigate attacks and avoid cyber disasters. Since day one at Illumio, we’ve been advocating for just that—a Zero Trust security model, with segmentation as a foundational pillar.
Enabling Zero Trust
With this in mind, we’re proud to share that today, Illumio closed a $225 million Series F funding round led by Thoma Bravo and supported by Franklin Templeton, funds managed by Hamilton Lane, and Owl Rock, a division of Blue Owl Capital.
We’re excited to roll our sleeves up and put the new funding to work so we can continue to serve our customers and expand on what Illumio Core and Illumio Edge can do to dramatically accelerate and simplify the path to a Zero Trust posture with automated enforcement of security policy across an entire organization.
We will leverage this investment to expand our innovation in product and engineering, further invest in customer success, and build upon our global partner strategy.
We are committed to meeting the moment and effectively stopping breaches from becoming cyber disasters.
Andrew Rubin and PJ Kirner