JupiterOne, a provider of cyber asset management and governance solutions, has announced a $30-million Series-B funding round led by Sapphire Ventures to support the company’s rapid growth in revenue, customers, and employees. Previous investor, Bain Capital Ventures, also participated in the round.
This latest round brings JupiterOne’s total amount of capital raised to more than $49 million since July 2020. These latest funds come after JupiterOne tripled its annual revenue in 2020 and doubled its total headcount over the last six months. The company plans to triple its revenue and double its staff size again in 2021.
JupiterOne will use the fresh funding to grow its engineering, product development, and go-to-market capabilities, including building out its remote workforce. The funding also will be used to extend the reach of the company’s extensive partnership and integration teams.
JupiterOne provides a cloud-native SaaS service capable of managing all elements of cyber asset security for large, midsize, and small customers. The new funding will help scale up the direct and channel sales effort for enterprise customers, while expanding self-service capacity for small and midsize businesses.
The JupiterOne platform integrates continuous cyber asset data for security operations and engineering, cloud security, configuration management and compliance use cases.
The Series-B funding round is being announced ahead of JupiterOne’s plans to launch its new global headquarters in Morrisville, N.C., in May 2021.