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Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo

The zero-trust company is now valued at $2.75 billion.

  • Posted on 31st Aug, 2021 08:59 AM
  • 1400 Views
Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo Image

Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation. 

The round was led by Thoma Bravo, which recently bought cybersecurity vendor Proofpoint for $12.3 billion, and supported by Franklin Templeton, Hamilton Lane and Blue Owl Capital. 

The round lands more than two years after Illumio’s Series E funding round in which it raised $65 million and fueled speculation of an impending IPO. The company’s founder, Andrew Rubin, still isn’t ready to be pressed on whether the company plans to go public, though he told TechCrunch: “If we do our job right, and if we make our customers successful, I’d like to think that would be part of our journey.”

Illumio’s latest funding round is well timed. Not only does it come amid a huge rise in successful cyberattacks that show some of the more traditional cybersecurity measures are no longer working, from the SolarWinds hack in early 2020 to the more recent attack on Colonial Pipeline, but it also comes just weeks after President Joe Biden issued an executive order pushing federal agencies to implement significant cybersecurity initiatives, including a zero trust architecture. 

Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo View Story

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