Illumio has notched a $2.75 billion valuation and plans to invest heavily in its programming for systems integrators (SIs) and managed security service providers (MSSPs).
The Sunnyvale, Calif.-based zero trust segmentation vendor expects to source most of its business through the channel as soon as this year, and is currently enhancing its products to make them more operationally friendly for MSSPs, according to Co-Founder and CEO Andrew Rubin. Illumio on Thursday closed a $225 million Series F funding round led by private equity giant Thoma Bravo.
Illumio also plans to use the $225 million to make headcount investments that will support diversification from a geographic, vertical, and customer size perspective. The company was focused exclusively on the United States when it first entered the market six-and-a-half years ago, but now supports customers across Europe, the Middle East and Asia, according to Rubin.
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