Virtualization Technology News and Information
JupiterOne Achieves Valuation of Over $1B with $70M Series C Funding to Fuel Innovation in Cybersecurity and Democratize Access for All
JupiterOne announced a $70 million Series C funding round, bringing the company's total raised to more than $119 million and its estimated valuation to over $1 billion. The round was led by Tribe Capital with participation from new investors, including Intel Capital and Alpha Square Group and existing investors, including Sapphire, Bain Capital Ventures, Cisco Investments, and Splunk Ventures. 

JupiterOne is a cloud-native cyber asset attack surface (CAASM) platform that helps enterprises easily map, analyze, and secure complex cloud environments. It serves as the foundation for security programs providing customers with unparalleled security context and true visibility of their cyber asset landscape to help them prioritize security risks and protect their business. The JupiterOne platform integrates continuous cyber asset data for security operations and engineering, cloud security, configuration management, and compliance use cases.

The funds will be used to grow go-to-market capabilities, expand engineering investments, and increase product development to address market needs across attack surface management, including unified asset inventory, vulnerability management, and security posture automation.

Additionally, the funds will be used to extend the reach of the company's extensive partnership and integration teams, further expanding the capabilities of the CAASM platform. JupiterOne will look to scale the company's direct and channel sales efforts for enterprise customers while expanding self-service capacity for small and midsize businesses. 

As part of this funding round,  Sri Pangulur, Partner at Tribe Capital will join the JupiterOne Board of Directors and Sunil Kurkure, Managing Director at Intel Capital, will join as a Board Observer.

Funding Follows Record Growth and Enterprise Customer Adoption

The Series C announcement follows the company's record year of growth in terms of revenue, customers, and employees. JupiterOne plans to maintain and exceed historical revenue growth, drive employee growth at its headquarters in the RDU Triangle region, and actively support a remote-first work environment.

Additional highlights over the last year include:

  • Exponential growth in annual recurring revenue (ARR), customer base and number of employees
  • Launch of the industry's first research on asset vulnerabilities in The 2022 State of Cyber Assets Report
  • Partnership with Cisco to deliver an innovative joint product offering, Cisco Secure Cloud Insights with JupiterOne
  • Introduction of JupiterOne Press, a new imprint for cybersecurity practitioners, which released   Cyber Defense Matrix by Sounil Yu and Reinventing Cybersecurity
Erkang Zheng, Founder and CEO at JupiterOne 

"Security is a data problem that needs an engineering approach and  a true platform for consolidation. Our Series C funding underscores the unique value that the JupiterOne platform provides to our customers to help them unify and coordinate existing security investments, automate cloud security postures, and reduce their cyber risk and security program costs. We provide our customers with valuable security context and true visibility of their organization's cyber asset landscape using data and automation, to help them prioritize risks and protect their business."

Published Thursday, June 02, 2022 10:58 AM by David Marshall
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