Strategic investment demonstrates confidence that JumpCloud solves urgent security and IT management challenges faced by SMEs around the world
JumpCloud today announced it has raised a total of $225 million for its Series F round to accelerate small and midsize enterprise adoption of its modern directory platform. Investors in this round share a belief that organizations must move faster to solve growing challenges faced by IT, specifically serious limitations and risks that come from legacy Microsoft directories and trying to solve those limitations with multiple point solutions.
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The Series F round led by Sapphire Ventures includes additional strategic investment from Atlassian Ventures, CrowdStrike Falcon Fund, NTT Docomo Ventures, Inc., STEADFAST Capital Ventures, Waterman Ventures, and OurCrowd. Series F included participation from Owl Rock, Whale Rock Capital, Sands Capital, and Endeavor Catalyst. Existing investors General Atlantic, funds and accounts managed by BlackRock, and H.I.G. Growth Partners participated in the financing as well. The additional $66 million funding announced today closes the company’s Series F at $225 million and brings total capital raised by JumpCloud to over $400 million and the company’s valuation to $2.625 billion.
“Atlassian and CrowdStrike share our vision for delivering IT teams a modern directory platform that simplifies how they secure their organizations and Make Work Happen®,” said Rajat Bhargava, CEO, JumpCloud. “Across each of our customer bases, IT teams are looking for an alternative to Microsoft for managing and securing infrastructure. With this new investment, we can do deep integration work with both Atlassian and CrowdStrike to make JumpCloud’s open, cloud directory the obvious choice for all our customers.”
IT Needs Better Solutions, Now
The need for a modern cloud directory has emerged from several recent mega trends:
- The sudden shift to remote work, which made on-premises infrastructure, like Active Directory, ineffective
- The emergence of Mac, Linux, and mobile devices in the workplace, which required IT to find new ways to secure and manage devices that were not Windows-based
- The explosion of cloud infrastructure — both as core business applications and for internal development teams
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These changes fundamentally shift how work gets done, and have outpaced IT’s ability to respond with a secure, effective infrastructure. Additionally, this diversification of what, how, and where people work has opened many new opportunities for cybercriminals. For IT teams at small and midsize enterprises (SMEs), finding the resources to keep up with the endless flow of new user and security demands is overwhelming.
JumpCloud delivers a better approach. Rather than relying on Microsoft’s legacy directory and multiple add-on point solutions, JumpCloud’s Directory Platform delivers a single pane of glass for IT to securely manage all users, devices, and IT resources. This reduces organizational risk, infrastructure costs, and makes life easier for IT — especially teams at SMEs that do not have the budgets and teams akin to large enterprises.
“Atlassian and JumpCloud share a vision that IT teams can operate in a more modern, open way,” said Chris Hecht, Head of Corporate Development, Atlassian. “We’re thrilled to support their efforts to accelerate the adoption of the modern directory platform, and excited to work together on deep integrations across our products.”
