Cybersecurity startup Illumio announced Wednesday a $125 million Series D round investment led by J.P. Morgan Chase, bringing total investment in the Silicon Valley firm to $267 million since 2014. The new round marks the entrance of Wall Street investors after years of investment from some of Silicon Valley’s most prominent venture capitalists. The data center and cloud security company has begun to hire a team dedicated to federal sales including Eric Teasdale, the company’s federal sales director , who joined in April. Teasdale, who is “actively negotiating” on several projects, arrived from federal sales positions at Salesforce and Apptio. The Trump administration’s federal IT budget asks for $95.7 billion in 2018, a billion dollar increase, although most federal agencies would see their budget stay flat or decrease. Illumio intends in particular to target defense and intelligence agencies first, typically early adopters when it comes to major government tech endeavors, Cohen said. The dedicated […]
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