Illumio nets $65 million, and more top funding news for Sunnyvale-based companies

Sunnyvale-based cloud security company Illumio has secured $65 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced February 7 and financed by J.P. Morgan Asset Management.

According to its Crunchbase profile, "Illumio is a data center and cloud security company led by veterans with deep experience in virtualization, networking and security hailing from industry leaders such as VMware, Cisco, Juniper, McAfee and Nicira. The company was founded in January 2013 and is backed by Andreessen Horowitz, General Catalyst, Formation 8, AME Cloud Ventures, DCVC and other prominent Silicon Valley investors. Illumio’s Adaptive Security Platform (ASP) is completely independent of underlying infrastructure and delivers visibility and control over workloads running in any data center or cloud environment."

The six-year-old company has raised four previous funding rounds, including a $125 million Series D round in 2017.

The round brings total funding raised by Sunnyvale companies in software over the past month to $88 million. The local software industry has seen 60 funding rounds over the past year, raking in a total of $846 million in venture funding.

In other local funding news, customer service and saas company PlayVox announced a $7 million funding round on Feb. 16, financed by Five Elms Capital.

From Crunchbase: "PlayVox's mission is to help you deliver Perfect Customer Interactions. PlayVox is the customer service quality monitoring software designed to help businesses deliver great customer experience. PlayVox allows you to monitor your customer service interactions across different communication channels by bringing your customer conversations from different service platforms such as Zendesk, Salesforce, RingCentral, Talkdesk, among others."

The company also raised a $1.5 million Series A round in 2015.

Meanwhile, data storage and computer company Panasas raised private equity funding, announced on Feb. 27. The round was financed by KEWA Financial.

According to the company's Crunchbase profile, "Panasas is a provider of high-performance storage for the world's most performance and data-intensive applications."

Panasas last raised $25 million in Series F funding in 2013.


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