Total amount raised
$119 Million
Latest funding date
06/01/2022
Location
JupiterOne has successfully raised funds through three distinct funding rounds, with the latest being a Series C round. The company is backed by 13 investors, including notable names like Bain Capital Ventures and Cisco Investments.
JupiterOne specializes in cybersecurity asset management solutions, offering products such as Cyber Asset Attack Surface Management and Continuous Controls Monitoring. Keep reading to explore the intricacies of JupiterOne's fundraising journey and the investors backing this innovative platform.
What Is JupiterOne?
JupiterOne, based in Morrisville, North Carolina, operates in the cybersecurity industry, focusing on cloud management, cloud security, and information technology. The company has between 101-250 employees.
Specializing in cybersecurity asset management solutions, JupiterOne offers products like Cyber Asset Attack Surface Management and Continuous Controls Monitoring. Their platform unifies and secures asset data, identifies security gaps, and accelerates risk response for IT and security teams.
How Much Funding Has JupiterOne Raised?
- Series A
- Amount Raised: USD 19,000,000
- Date: September 2020
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, enhance the platform, and expand market reach.
- Series B
- Amount Raised: USD 30,000,000
- Date: May 2021
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand market presence.
- Series C
- Amount Raised: USD 70,000,000
- Date: June 2022
- Lead Investors: Tribe Capital
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To grow go-to-market capabilities, expand engineering investments, and increase product development.
JupiterOne has raised a total of USD 119,000,000 and is currently valued at over $1 billion.
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. Sri Pangulur, Partner at Tribe Capital, will join the JupiterOne Board of Directors.
- Investment Focus Areas: Technology startups, data science-driven investments, high-growth potential companies.
- Notable Investments: Carta, Bolt, Relativity Space.
- Intel Capital
- Details: Intel Capital is the global investment organization of Intel Corporation, investing in innovative technology startups. Sunil Kurkure, Managing Director at Intel Capital, will join as a Board Observer.
- Investment Focus Areas: Technology startups, cybersecurity, companies aligning with Intel's strategic interests.
- Notable Investments: Cloudera, Vuzix, MongoDB.
- Alpha Square Group
- Details: Alpha Square Group is an investment firm that focuses on high-growth technology companies. They participated as a new investor in JupiterOne's Series C round.
- Investment Focus Areas: High-growth technology companies, innovative sectors.
- Notable Investments: SpaceX, Palantir.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They have been an existing investor in JupiterOne.
- Investment Focus Areas: Growth-stage technology companies, enterprise technology, cybersecurity.
- Notable Investments: Box, LinkedIn, Square.
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital division of Bain Capital, investing in early to growth-stage startups. Enrique Salem, a partner at Bain Capital Ventures, has been involved with JupiterOne since its inception.
- Investment Focus Areas: Early to growth-stage technology startups, cybersecurity, various sectors.
- Notable Investments: DocuSign, LinkedIn, SurveyMonkey.
What's Next for JupiterOne?
JupiterOne stands at the cusp of significant growth opportunities, driven by the increasing demand for cybersecurity solutions. The company plans to expand its go-to-market capabilities, engineering investments, and product development, particularly in attack surface management, unified asset inventory, and security posture automation. With a valuation exceeding $1 billion, the potential for further market penetration is immense.
Future fundraising opportunities appear promising, given the substantial investments and high valuation. JupiterOne's ability to attract major investors like Tribe Capital and Intel Capital suggests a strong likelihood of continued financial backing. This financial support will be crucial as the company scales its operations and enhances its platform capabilities.
However, JupiterOne will face challenges such as staying ahead of the rapidly evolving cybersecurity landscape and managing the integration of continuous cyber asset data. Competition from other cybersecurity firms and the need to maintain customer trust while expanding rapidly will also be significant hurdles. Despite these challenges, JupiterOne's strategic investments and innovative platform position it well for future success.
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