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Jupiterone Raises $70M At A $1B+ Valuation To Help Track, Manage And Secure Complex Cyber Assets

Jun 02, 2022•over 3 years ago

Amount Raised

$70 Million

Description

One of the by-products of today’s IT environments — which can involve multiple clouds and data warehouses, on-premise servers, thousands or even millions of connected devices and users, a multitude of apps and more — is that this size and complexity is a minefield when it comes to security. Malicious hackers have a lot of potential points of entry to exploit, so the aim for security specialists is to have a complete picture of how things are looking across the whole of the network — regardless of how fragmented those operations might actually be.

Company Information

Company

Jupiter One

About

Today a company called JupiterOne that’s built a platform that aims to do just this is announcing $70 million in funding at a valuation it says is over $1 billion — a sign not just of its own success but also of the opportunity investors see for growth. Case in point: just yesterday the company announced a deep integration with Splunk to provide better data visibility for Splunk users. While the company will continue to invest in developing more tools and more integrations to built out the powerhouse of managing “assets” in the most general sense that Zheng described, that gives the startup the opportunity to take that data into new areas. Right now JupiterOne’s customers are primarily in the larger enterprise space, there is an opportunity for the company to work more closely with potentially smaller or more cutting-edge organizations that are still scaling, in some ways similar to some of its existing customers that have been with the company “almost since the beginning,” Zheng said. “Aggregating the assets and making it possible to query is difficult, but JupiterOne has solved this problem and is becoming the centerpiece of any cybersecurity program.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech