Illumio Reaches $1B Valuation with Series C Investment
April 15, 2015
Illumio has raised $100 million in fresh Series C funding, reaching unicorn status with a $1 billion valuation and bringing its total raised to over $142 million. The round, which included participation from new investors BlackRock Funds and Accel Partners, will be used to invest in R&D to drive additional platform development and grow the company's sales & marketing efforts, as well as for international expansion. The company's previous round, a $34.5 million Series B raised in September 2013, valued it at $158 million. The Illumio Adaptive Security Platform visualizes application traffic and delivers continuous and scalable enforcement to every bare-metal server, VM and container in data center and public cloud infrastructure.