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LOUISVILLE, Colo. – Oct. 19, 2021 – JumpCloud as we speak introduced it has raised a complete of $225 million for its Collection F spherical to speed up small and midsize enterprise adoption of its trendy listing platform. Buyers on this spherical share a perception that organizations should transfer sooner to resolve rising challenges confronted by IT, particularly critical limitations and dangers that come from legacy Microsoft directories and making an attempt to resolve these limitations with a number of level options.
The Collection F spherical led by Sapphire Ventures contains extra strategic funding from Atlassian Ventures, CrowdStrike Falcon Fund, NTT Docomo Ventures, Inc., STEADFAST Capital Ventures, Waterman Ventures, and OurCrowd. Collection F included participation from Owl Rock, Whale Rock Capital, Sands Capital, and Endeavor Catalyst. Current traders Common Atlantic, funds and accounts managed by BlackRock, and H.I.G. Development Companions participated within the financing as effectively. The extra $66 million funding introduced as we speak closes the corporate’s Collection F at $225 million and brings complete capital raised by JumpCloud to over $400 million and the corporate’s valuation to $2.625 billion.
“Atlassian and CrowdStrike share our imaginative and prescient for delivering IT groups a contemporary listing platform that simplifies how they safe their organizations and Make Work Occur®,” stated Rajat Bhargava, CEO, JumpCloud. “Throughout every of our buyer bases, IT groups are searching for an alternative choice to Microsoft for managing and securing infrastructure. With this new funding, we are able to do deep integration work with each Atlassian and CrowdStrike to make JumpCloud’s open, cloud listing the plain selection for all our clients.”
IT Wants Higher Options, Now
The necessity for a contemporary cloud listing has emerged from a number of current mega traits:
· The sudden shift to distant work, which made on-premises infrastructure, like Lively Listing, ineffective
· The emergence of Mac, Linux, and cellular gadgets within the office, which required IT to seek out new methods to safe and handle gadgets that weren’t Home windows-based
· The explosion of cloud infrastructure — each as core enterprise functions and for inner improvement groups
These adjustments basically shift how work will get accomplished, and have outpaced IT’s skill to reply with a safe, efficient infrastructure. Moreover, this diversification of what, how, and the place individuals work has opened many new alternatives for cybercriminals. For IT groups at small and midsize enterprises (SMEs), discovering the assets to maintain up with the infinite circulation of latest person and safety calls for is overwhelming.
JumpCloud delivers a greater strategy. Relatively than counting on Microsoft’s legacy listing and a number of add-on level options, JumpCloud’s Listing Platform delivers a single pane of glass for IT to securely handle all customers, gadgets, and IT assets. This reduces organizational danger, infrastructure prices, and makes life simpler for IT — particularly groups at SMEs that shouldn’t have the budgets and groups akin to massive enterprises.
“Atlassian and JumpCloud share a imaginative and prescient that IT groups can function in a extra trendy, open manner,” stated Chris Hecht, Head of Company Growth, Atlassian. “We’re thrilled to assist their efforts to speed up the adoption of the trendy listing platform, and excited to work collectively on deep integrations throughout our merchandise.”
“The risk panorama turns into more and more extra advanced by the day. To scale back the danger of cyberattacks, small and midsize organizations should speed up adoption of enterprise-grade safety and IT options,” stated Michael Sentonas, Chief Expertise Officer, CrowdStrike. “To do that, organizations of all sizes should have entry to scalable, easy-to-deploy, and cost-effective options. JumpCloud’s cloud listing platform protects in opposition to the weaknesses present in comparable legacy merchandise which might be being actively exploited by risk actors, and is designed to fulfill the wants of as we speak’s SMEs. We’re excited to assist JumpCloud’s efforts and stay up for exploring methods to ship significant integrations for the market.”
Further Investor and Buyer Quotes
NTT DOCOMO Ventures, Inc. (NDV) is the company enterprise arm of the NTT Group, and NTT is without doubt one of the world’s main telecommunications firms.
“I’m excited to spend money on and be a part of the JumpCloud journey to offer a greater manner for firms, primarily IT groups in small- to medium-sized enterprises, to handle distant work environments extra securely and effectively,” stated Yuko Sasahara Watanabe, President and CEO, NTT DOCOMO Ventures, Inc. “In late September 2021, NTT Group introduced our plans to remodel operational and administration types for sustainability in direction of making a extra optimistic impression on society. As a part of this initiative, NTT staff will be capable to work remotely. This problem just isn’t simple, however along with JumpCloud, we are able to present extra flexibility in a distributed distant work setting. We stay up for supporting JumpCloud within the Japanese market. NDV wish to develop varied safety choices to Japanese enterprise clients whatever the dimension of the corporate and dealing with JumpCloud is a manner to do this.”
“What struck us as distinctive in JumpCloud is their skill to dramatically simplify safety for firms of all sizes and scale back the friction for workers, making distant work seamless and safe,” stated Ludwig Schulze, Managing Associate, Waterman Ventures, an Alumni Ventures fund. “That is an funding that lots of our 1000’s of particular person traders can profit from instantly of their organizations.”
“We search out game-changing know-how firms, and after our personal IT group began utilizing JumpCloud it was a simple selection to take a position: JumpCloud is the most effective platform able to centralizing and securing IT,” stated Jon Medved, founder and CEO, OurCrowd, Israel’s most energetic VC. “JumpCloud is a superior various to anachronistic and ill-fitted legacy IT approaches, and we’re excited to assist its enlargement as extra organizations depend on it to resolve crucial challenges of the trendy office.”
“The rise of a globally-connected and distributed workforce (a development accelerated by COVID-19) is motivating each firm to reinvent their safety stack and redefine boundaries as they’re tasked with securing their customers wherever they’re and throughout all use instances and environments,” stated Karan Mehandru, Managing Director, STEADFAST Capital Ventures. “JumpCloud is completely positioned to capitalize on these traits and has constructed a dominant place by offering a unified platform that empowers IT professionals to adapt to our altering world, whereas giving customers a pleasant and intuitive expertise that’s the hallmark of the most effective product-led SaaS firms. We’ve got a excessive diploma of confidence in JumpCloud’s group, product, market alternative, and timing, and are proud to accomplice with Rajat and the JumpCloud group as they construct an everlasting firm that defines how firms born within the cloud construct, handle, and scale their id and safety posture.”
“We got here from having an Lively Listing server for area auth, a Kerberos server for Linux auth, and an LDAP server for authentication to different non-AD/Kerberos companies,” stated Ken Hughes, workers devops engineer, Baxter Planning. “JumpCloud actually allow us to consolidate all of our authentication companies and added person authentication and gadget administration for our Mac workers as effectively. Customers now have a single credential for 99% of all company assets.”
About JumpCloud
The JumpCloud Listing Platform helps IT groups Make Work Occur® by centralizing administration of person identities and gadgets, enabling small and medium-sized enterprises to undertake Zero Belief safety fashions. JumpCloud® has a worldwide person base of greater than 120,000 organizations, with greater than 5,000 paying clients together with Automobiles.com, GoFundMe, Seize, ClassPass, Uplight, Past Finance, and Foursquare. JumpCloud has raised over $400M from world-class traders together with Sapphire Ventures, Common Atlantic, Sands Capital, Atlassian, and CrowdStrike.
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