California-based software start-up Illumio has raised $125m in a Series D round of funding led by JP Morgan Asset Management, and including contributions from previous investors such as Andreessen Horowitz and Yahoo's Jerry Yang alongside unspecified backers. The company is developing an artificial intelligence platform that will allow users to create their own custom facial recognition software. Illumio, which offers data center and cloud security services, and is reported to be valued at around $1bn, will use the funds to expand its customer support services, business development, and R&D.
California-based software start-up Illumio has raised $125m in a Series D round of funding led by JP Morgan Asset Management, and including contributions from previous investors such as Andreessen Horowitz and Yahoo's Jerry Yang alongside unspecified backers. It brings the company's total funding to $267m. Illumio, which offers data center and cloud security services, and is reported to be valued at around $1bn, will use the funds to expand its customer support services, business development, and R&D.