Illusive Networks raises $24M to accelerate next phase of growth

2020-10-08 23:00

Illusive Networks announced it has reached significant milestones in customer adoption: growing at a rate of 228% in new annual recurring revenues over 12 months, another funding round, and strategic new hires.

"Ofer Israeli, CEO and founder, Illusive Networks, said:"Our rapid growth is a testament to the need for our solution, especially with the rise of cyber-attacks and the complexity of securing remote workers which makes our products more critical at this time.

This funding round will be used to accelerate the company's next phase of growth driven by an aggressive go-to-market strategy that focuses on sales and marketing expansion and further investment and product enhancements for securing cloud workloads.

Illusive Networks is gaining market share at a time when validation and support for deception and active defense continue to grow.

Illusive has also brought on several strategic new hires to lead the company into a new era of growth and continues investment in the go-to-market strategy.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/EfBh89VE4o0/