JupiterOne raises $70M on $1B valuation to boost market capabilities

JupiterOne raises $70M on $1B valuation to boost market capabilities

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Cybersecurity asset management and governance startup JupiterOne Inc. today announced it has raised $70 million in new funding to grow go-to-market capabilities, expand engineering investments and boost product development.

Tribe Capital led the Series C round, with Alpha Square Group, Sapphire and Bain Capital Ventures also participating. The round was raised on a valuation of more than $1 billion, giving JupiterOne unicorn status for the first time. Including the new funding, it has raised $119 million to date, including rounds of $30 million in May 2021 and $19 million in September 2020.

Founded in 2018 as a spinoff of an internal project at healthcare software firm LifeOmic Inc., JupiterOne offers a cyber asset attack surface management platform that helps companies see all of their digital and cloud assets. The platform is intended to serve as the foundation for security programs, providing customers with security context and accurate visibility of their cyber asset landscape to help them prioritize security risks and protect their business.

Offered on a software-as-a-service basis, JupiterOne’s service can manage all elements of cyber asset security for large, midsized and small customers. The platform does so by creating a contextual knowledge base using graphs and relationships as the single source of truth for an organization’s cyber asset operations.

The JupiterOne platform integrates continuous cyber asset data for security operations and engineering, cloud security, configuration management and compliance use cases. The platform integrates with dozens of external services and tools such as Amazon Web Services Inc., Cloudflare Inc. and GitLab to provide a centralized monitoring tool.

In addition to cyber asset management, the platform also provides support for cloud security posture management, governance and compliance, and security operations.

JupiterOne says it has seen a record year of growth in terms of revenue, customers and employees. Notable customers include Databricks Inc., Domo Inc., HashiCorp Inc., Cisco Systems Inc., Auth0 Inc., Indeed and Marqeta Inc.

“Security is a data problem that needs an engineering approach and a true platform for consolidation, ” Erkang Zheng, founder and chief executive officer of JupiterOne, said in a statement. “We provide our customers with valuable security context and true visibility of their organization’s cyber asset landscape using data and automation to help them prioritize risks and protect their business.”

Image: JupiterOne

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