JumpCloud closes $ 225 million Series F
JumpCloud Inc., a directory-as-a-service technology platform, closed its Series F funding round after raising $ 225 million.
The total is a significant improvement from the $ 159 million the company said it raised in the cycle last month.
JumpCloud has now raised over $ 400 million in equity financing and is valued at $ 2.625 billion.
The Series F cycle has been led by Sapphire Ventures, with additional investments from Atlassian Ventures, CrowdStrike Falcon Fund, NTT Docomo Ventures Inc., Steadfast Capital Ventures, Waterman Ventures and OurCrowd, according to a press release from JumpCloud.
JumpCloud technology securely connects and manages employees, their devices and IT applications.
âAtlassian and CrowdStrike share our vision of providing IT teams with a modern directory platform that simplifies the way they secure their organizations and make work easier,â said Rajat Bhargava, CEO of JumpCloud, in the statement. âIn each of our customer bases, IT teams are looking for an alternative to Microsoft to manage and secure the infrastructure. With this new investment, we can do deep integration work with Atlassian and CrowdStrike to make JumpCloud’s open cloud directory the obvious choice for all of our customers.
JumpCloud achieved unicorn status – a valuation of over $ 1 billion – earlier this year.
Part of the company’s recent success can be attributed to the changing IT landscape during the COVID-19 pandemic and the subsequent increase in working from home.
JumpCloud has grown rapidly over the past few years.
In 2019, the company moved from its headquarters in Boulder to a new headquarters in Louisville to accommodate its growing workforce. The company has added hundreds of employees in recent years and now has around 400 employees.
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