• General
  • February 7, 2019
  • 5 minutes read

Illumio Raises $65 Milllion Series E Led By J.P. Morgan

JPMorgan Chase & Co. CEO Jamie Dimon Photograph by Stefen Chow/Fortune Global Forum Illumio, a Sunnyvale, California based cybersecurity startup…

JPMorgan Chase & Co. CEO Jamie Dimon

Photograph by Stefen Chow/Fortune Global Forum

Illumio, a Sunnyvale, California based cybersecurity startup valued at $1 billion from a 2015 investment, has closed a $65 million Series E round led by clients advised by J.P. Morgan Asset Management, pushing the total raised by the company to over $330 million. Illumio has also announced the appointment of a chief financial officer and new board member –  Anup Singh and John Hinshaw respectively.

Singh has over 25 years experience in the tech industry, holding previous CFO roles at Anaplan, Nimblle Storage, Asurion and Clearwell Systems. Likewise, Hinshaw is also a tech industry veteran, previously serving as CIO of Boeing and currently on the boards of DocuSign, Sysco and The Bank of New York Mellon.

Formation 8, a now disbanded VC firm previously chaired by Joe Lonsdale (pictured here), was an earlier investor in Illumio. The VC fund’s other notable bets include Oculus, Yello Mobile and RelateIQ.

Photo by Brian Ach/Getty Images for TechCrunch


Hinshaw will advise Illumio on go-to-market strategy, software innovation and business strategy, according to a company press release. Illumio says it’ll support continued expansion in the US, EMEA (Europe, the Middle East and Africa), and the Asia-Pacific, with this funding. The company increased its total headcount by 50% in 2018 and aims to further this expansion. In the year, it grew its North American headcount by 42%, EMEA headcount by 450% and Asia-Pacific headcount by 160%.

Providing software that reduces cyber risk and achieve regulatory compliance for enterprises, Illumio counts customers like Salesforce,  Oracle, Morgan Stanley, BNP Paribas, Plantronics, Creative Artists Agency (CAA), Workday, Quicken Loans and Baillie Gifford. The company also counts notable names like Accel, Formation 8, General Catalyst, Andreessen Horowitz and BlackRock among its investors.


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