JumpCloud has declared a $159 million series F spherical led by Sapphire Ventures, with further participation in the spherical from Owl Rock, Whale Rock Funds, Sands Capital, and Endeavor Catalyst. Existing traders Normal Atlantic, BlackRock, and H.I.G. Advancement Partners participated in the funding spherical, as perfectly.
“JumpCloud has helped us set with each other all of the identity and unit management pieces in a considerably wanted way during the pandemic,” explained Kyle McKenna, manager of organization know-how at Autos.com. “As our enterprise grows, the scalable JumpCloud system allows us to additional very easily manage all of our units and people, which will save us time and means.”
“IT teams have a strategic obligation to guarantee perform will get done securely and competently. The pandemic accelerated their have to have for an infrastructure platform that is not constrained by legacy area-primarily based techniques, or demands several place alternatives,” said Rajat Bhargava, CEO and co-founder, JumpCloud. “JumpCloud reimagined the listing with a extensive, modern-day platform that gives IT admins an simpler route to adopt Zero Have confidence in protection versions for a lot more granular accessibility command, with a person-welcoming experience. This financial commitment validates our eyesight and item-led growth design which have enabled us to develop a product or service that is quick for IT groups to appreciate.”
JumpCloud recently released its new multi-aspect authentication answer to assist corporations simplify the rollout of increased protection. JumpCloud has approximately 5,000 prospects across 100+ countries, 1,300 MSP companions, and a 149% net earnings retention level.
With Mac adoption in compact organizations and enterprises growing, JumpCloud gives a versatile answer for IT teams to deal with their units, centralize SSO, multi-component authentication, and consumer administration. With this funding round, JumpCloud is now at a valuation of $2.56 billion.
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