10 Cool Tech Companies That Raised Funding In June 2021
Next-generation cybersecurity, big data and machine learning technology developers were among the companies that reported new rounds of funding in June.
Headquarters: Sunnyvale, Calif.
CEO: Andrew Rubin
Funding: The $225 million Series F round of funding put Illumio’s pre-money valuation at $2.75 billion.
Investors: The round was led by Thoma Bravo and supported by Franklin Templeton, funds managed by Hamilton Lane, and Owl Rock, a division of Blue Owl Capital.
What company does: Illumio’s zero trust segmentation technology stops cyberattacks and ransomware from spreading to applications, clouds, containers, data centers and endpoints.
CEO Quote: “Adopting Zero Trust strategies has never been more important for organizations across all industries, as the Biden Administration’s recent cybersecurity Executive Order demonstrates. This investment signals that now is the time to reimagine the cybersecurity model as we know it, with Zero Trust Segmentation playing a fundamental role in this strategic shift.”