JumpCloud, a cloud-native directory service for enterprises, has secured a $100 million Series E funding led by BlackRock. This brings the total funding JumpCloud has raised to $191 million.
The new capital will accelerate innovation and continue building out the company’s platform, as well as its global presence and customer base. JumpCloud plans to expand into additional countries in Europe, Asia Pacific, and Latin America.
Existing investors Sapphire Ventures, Foundry Group, and Index Ventures-backed this latest round. JumpCloud CEO Rajat Bhargava commented: “JumpCloud is becoming the go-to platform choice for IT organizations that want to make sure they have control and visibility over the full range of their users, devices, and applications.”
The company is already being used by more than 3 million users across 80 countries. As businesses embrace digital transformation, they are increasingly turning to solutions like JumpCloud for a secure way to manage access and identity from the cloud.
This most recent funding round will help JumpCloud establish its presence in the enterprise market and drive continued growth. It’s an exciting time for the company as it prepares to expand its reach even further.
Conclusion
JumpCloud’s latest funding round is a testament to its success in the enterprise cloud market. With its secure directory service, JumpCloud has already established itself as an essential platform for businesses worldwide. This new financing round will help it grow and expand into new markets. It’s an exciting time for the company, and we look forward to seeing what they do next.
FAQS
Q: What is JumpCloud?
A: JumpCloud is a cloud-native directory service for enterprises that provides secure access and identity management from the cloud.
Q: How much funding has JumpCloud raised?
A: JumpCloud has raised $191 million, including its most recent Series E round of $100 million.
Q: Who are some of the investors in JumpCloud?
A: BlackRock led this most recent round, but existing investors include Sapphire Ventures, Foundry Group, and Index Ventures.
Q: What does JumpCloud plan to do with the new capital?
A: The new capital will accelerate innovation and continue building out the company’s platform, as well as its global presence and customer base. JumpCloud plans to expand into additional countries in Europe, Asia Pacific, and Latin America.
Q: How many users does JumpCloud have?
A: JumpCloud is already being used by more than 3 million users across 80 countries.
