_800x533_L_1412662134.jpg)
By Angela Moon
NEW YORK (Reuters) - Cyber security firm Illumio said on Thursday it raised $65 million in a funding round led by J.P. Morgan Asset Management that will be used to help the money-losing company expand outside the United States.
The investment values the company at a "significant" increase from its previous round, Chief Executive Andrew Rubin told Reuters. He declined to be more specific.
Illumio raised $125 million in a June 2017 round that valued it at $1.18 billion, according to Pitchbook.
Six-year-old Illumio's investors include 8VC, Accel, Andreessen Horowitz, DCVC and General Catalyst. It sells software that large organizations use to segment computers from each other in a bid to prevent hackers from gaining access to large networks by compromising a single machine. Competitors include VMware Inc and Cisco Systems Inc (NASDAQ:CSCO).
Rubin said the company was open to making acquisitions to bolster its technology offerings and also bring in talent from acquired companies.
The company has raised more than $332.5 million to date.