JumpCloud, a Boulder, Colo.-based SaaS platform that centralizes and simplifies identity management, raised $50m in funding.
Backers included General Atlantic, and existing investors Foundry Group and OpenView Partners. As part of the investment, Gary Reiner, Operating Partner with General Atlantic since 2010, is joining JumpCloud’s Board of Directors.
The company plans to use the funds to:
– expand engineering, sales, and marketing operations,
– drive new functionality for customers and Managed Service Provider (MSP) partners, and
– establish a physical presence in strategic areas around the globe in order to provide a deeper level of support for customers in those regions.
Led by Rajat Bhargava, CEO, JumpCloud provides a cloud-based directory service for companies to give users one set of credentials to securely access their systems, apps, networks, and file servers – regardless of platform, protocol, provider, or location.