Total amount raised
$119 Millions
Latest funding date
06/01/2022
Location
JupiterOne has successfully raised significant funding over multiple rounds, with its latest being a Series C round closed on June 2, 2022. The company specializes in cybersecurity asset management solutions, providing comprehensive visibility into cloud and on-premises assets.
With 13 investors backing its innovative platform, including Bain Capital Ventures and Cisco Investments, JupiterOne continues to enhance security and IT team insights through its robust product offerings. Keep reading to explore the intricacies of JupiterOne's fundraising journey and the investors supporting this cutting-edge platform.
What Is JupiterOne?
JupiterOne, founded in March 2018, is a cybersecurity company based in Morrisville, North Carolina. The company was established by Erkang Zheng and specializes in providing cybersecurity asset management solutions.
Operating within the cloud management, cloud security, and information technology sectors, JupiterOne employs between 101-250 people. The company's platform integrates with over 200 tools to offer comprehensive asset management, incident response, vulnerability management, and continuous controls monitoring.
JupiterOne's software aids security operations teams by improving their overall posture through continuous data aggregation and relationship modeling across all assets. The company is recognized for its effectiveness in reducing attack surfaces and optimizing operations.
How Much Funding Has JupiterOne Raised?
- Series A
- Amount Raised: $19M
- Date: September 2020
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company's operations and enhance the platform.
- Series B
- Amount Raised: $30M
- Date: May 2021
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and further develop the platform.
- Series C
- Amount Raised: $70M
- Date: June 2022
- Lead Investors: Tribe Capital
- Valuation at Round: Over $1B
- Motivation Behind the Round: To grow go-to-market capabilities, expand engineering investments, and increase product development.
JupiterOne has raised a total of $119M with a current valuation of over $1B.
Key Investors
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that focuses on using data science to identify and invest in promising startups. They are known for their analytical approach to venture investing.
- Investment Focus Areas: Technology, fintech, enterprise software, consumer internet
- Notable Investments: Bolt, Carta, Relativity Space
- Sapphire Ventures
- Details: Sapphire Ventures partners with visionary teams and venture funds to build companies of consequence. They focus on growth-stage technology companies.
- Investment Focus Areas: Enterprise software, fintech, consumer technology
- Notable Investments: Square, LinkedIn, Box
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, investing in seed to growth-stage companies. They have a broad investment portfolio across various industries.
- Investment Focus Areas: Software, infrastructure, fintech, healthcare
- Notable Investments: DocuSign, LinkedIn, SurveyMonkey
- Intel Capital
- Details: Intel Capital is the global investment organization of Intel Corporation. They invest in technology startups that align with Intel's strategic interests.
- Investment Focus Areas: AI, cybersecurity, cloud computing
- Notable Investments: DocuSign, Cloudera, MongoDB
- Cisco Investments
- Details: Cisco Investments is the corporate venture capital arm of Cisco Systems. They focus on strategic investments that align with Cisco's business objectives.
- Investment Focus Areas: Networking, cybersecurity, enterprise software
- Notable Investments: Cohesity, ThousandEyes, Pindrop
What's Next for JupiterOne?
JupiterOne stands at the cusp of significant growth opportunities, driven by its recent $70 million Series C funding. The company plans to expand its go-to-market capabilities, enhance engineering investments, and boost product development. These efforts aim to address the increasing market needs in attack surface management, unified asset inventory, vulnerability management, and security posture automation.
Given its valuation of over $1 billion, JupiterOne is well-positioned to attract future investments. The cybersecurity landscape is rapidly evolving, and the demand for comprehensive asset management solutions is on the rise. This environment presents ample opportunities for JupiterOne to scale its operations and potentially pursue additional funding rounds to further its market reach and technological advancements.
However, the path forward is not without challenges. JupiterOne must navigate the complexities of a fast-evolving cybersecurity landscape, maintain the scalability and reliability of its platform, and stay ahead of competitors. Balancing the needs of enterprise customers with those of small and midsize businesses will also be crucial as the company continues to grow.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like JupiterOne and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips and gain a competitive edge in your sales efforts by visiting Clay's signup page.
