JumpCloud, a Boulder, CO-based Directory-as-a-Service platform, entered into a $10m credit facility with Comerica.
The credit facility availability follows the $20M Series C funding JumpCloud closed less than a year ago with OpenView Partners and Foundry Group.
The company intends to use the funds to continue to grow operations.
Led by Rajat Bhargava, CEO, JumpCloud provides a Directory-as-a-Service platform that securely manages and connects user identities to their systems, applications, data, and networks. The solution manages users and their systems – whether Mac, Linux, or Windows – and provides access to cloud and on-prem resources such as Office 365, G Suite, AWS cloud servers, Salesforce, and Jira among thousands of others. The same login also connects users to networks and file shares via RADIUS and Samba, respectively, securing an organization’s WiFi and file server access.
The company expects to nearly triple headcount and further add an additional 50+ engineers in 2018.