SECURITY
SECURITY
SECURITY
Cyber asset management and governance startup JupiterOne raises $30M
Cyber asset management and governance solution startup JupiterOne Inc. today announce it has raised $30 million in new funding to grow its engineering, product development and go-to-market capabilities, including building out its remote workforce.
The Series B round was led by Sapphire Ventures and included Bain Capital Ventures.
Founded in 2018 as a spinoff based on an internal project at LifeOmic Inc., an Indianapolis-based healthcare software firm, JupiterOne offers a cyber asset service that helps companies see all of their digital and cloud assets. Offered on a software-as-a-service basis, it’s capable of managing all elements of cyber asset security for large, midsized and small customers, according to the company.
“With this funding round, we will focus on the growth of our core position – cyber asset visibility management and governance – and growing our user base and free community,” Erkang Zheng, JupiterOne’s founder and chief executive officer, said in a statement. “Our goal is to help our customers know more and fear less.”
The platform does so through the creation of a contextual knowledge base using graphs and relationships as the single source of truth for an organization’s cyber asset operations. With JupiterOne, users can discover, monitor, understand and act on changes in their digital environments. Going beyond basic cloud resources, the service also tracks ephemeral devices, identities, access rights, code, pull requests and more.
The company’s platform integrates with dozens of external services and tools such as Amazon Web Services Inc., Cloudflare Inc. and GitLab to provide a centralized single monitoring tool. As well as cyber asset management, the platform provides support for cloud security posture management, governance and compliance, and security operations.
JupiterOne has seen strong growth, tripling its annual revenue in 2020 and doubling its headcount. Notable customers include Databricks Inc., HashiCorp Inc., Auth0 Inc., AVer Information Inc. and Codoxo Inc..
Including the new funding, JupiterOne’s has raised $49 million to date, including a round of $19 million in September.
Image: JupiterOne
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