JupiterOne Inc. today said that it has raised $19 million in funding to expand the feature set and adoption of its cybersecurity platform, which enables administrators to find potentially vulnerable systems inside the corporate network.

JupiterOne started out as an internal project at LifeOmic Inc., an Indianapolis-based healthcare software firm. It was spun out as an independent startup in 2018 and has since built up a customer base that includes multiple tech unicorns, including Databricks Inc., HashiCorp Inc. and others. 

The niche in which JupiterOne competes is cybersecurity asset management. A typical enterprise has upwards of thousands of digital assets, ranging from employee devices to cloud instances and GitHub repositories, that all have the potential to become a target for hackers. JupiterOne offers a software platform that it says allows administrators to find vulnerable assets more efficiently than if they performed the task manually.

JupiterOne uncovers security issues by creating an inventory of the systems in the corporate network and comparing the configuration of each one to security rules set by administrators. If a system is found to violate a rule, an alert is sent to the information technology team. Administrators can also view information about vulnerabilities in a dashboard that visualizes technical details to help with troubleshooting.

The platform is capable of catching a fairly broad range of security issues, according to JupiterOne. It can sift through data generated by the antivirus software installed on employee laptops to find insecure devices.

Similarly, an administrator could connect JupiterOne to Amazon Web Services Inc.’s GuardDuty threat detection service to receive alerts about insecure cloud instances. That’s made possible by a collection of several dozen integrations that allow JupiterOne to draw on data generated by a company’s existing security tools to look for insecure assets.

The startup says its automated approach to detecting insecure assets is more reliable than manual audits. It also allows assets to be analyzed more frequently because there’s less work involved for administrators.

In the wake of the $19 million funding round, the startup plans to speed up its platform’s feature roadmap. JupiterOne reportedly plans to triple its 20-person team by the end of next year, as well as expand go-to-market efforts. 

The funding round included the participation of LifeOmic, the company from which JupiterOne spun off, Bain Capital and individual investors. Bain Capital Ventures led the investment. Bain, which has named partner Enrique Salem to JupiterOne’s board, counts Rubrik Inc., DocuSign Inc. and LinkedIn among its past investments.  

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