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JupiterOne raises $19M Series A to automate cyber asset management


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JupiterOne raises $19M Series A to automate cyber asset management

Asset management might not be the most exciting talking topic, but it’s often an overlooked area of cyber-defenses. By knowing exactly what assets your company has makes it easier to know where the security weak spots are. That’s the problem JupiterOne is trying to fix. “We built JupiterOne because we saw a gap in how…

JupiterOne raises $19M Series A to automate cyber asset management

Asset management would possibly possibly also not be basically the most enjoyable talking subject, nevertheless it’s in overall an misplaced sight of dwelling of cyber-defenses. By provocative precisely what resources your firm has makes it more straightforward to know where the security historic spots are.

That’s the drawback JupiterOne is making an try to repair.

“We built JupiterOne on tale of we noticed a gap in how organizations manage the security and compliance of their cyber resources day to day,” mentioned Erkang Zheng, the firm’s founder and chief executive.

The Morrisville, North Carolina-essentially based startup, which spun out from healthcare cloud company LifeOmic in 2018, helps firms glimpse all of their digital and cloud resources by integrating with dozens of products and companies and instruments, including Amazon Net Companies, Cloudflare and GitLab, and centralizing the outcomes into a single monitoring tool.

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JupiterOne says it makes it more straightforward for firms to space safety issues and preserve compliance, with an purpose of helping firms quit safety lapses and knowledge breaches by catching issues early on.

The firm already has Reddit, Databricks and Auth0 as customers, and honest proper secured $19 million in its Sequence A, led by Bain Capital Ventures and with participation from Rain Capital and its parent firm LifeOmic.

As phase of the deal, Bain accomplice Enrique Salem will join JupiterOne’s board. “We glimpse a huge multi-billion-buck market opportunity for this abilities right through mid-market and enterprise customers,” he mentioned. Asset management is slated to be a $8.5 billion market by 2024.

Zheng advised TechCrunch the firm plans to employ the funds to run its engineering efforts and its streak-to-market strategy, with fresh product system to intention.

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