JumpCloud, a Louiseville, Colo.-based provider of a platform to securely manage hybrid and remote work, raised $159M in Series F funding.
The round, which more than tripled the company’s valuation to $2.56 Billion, was led by Sapphire Ventures with participation from Owl Rock, Whale Rock Capital, Sands Capital, and Endeavor Catalyst and existing investors General Atlantic, funds and accounts managed by BlackRock, and H.I.G. Growth Partners.
The company intends to use the funds to expand operations and its business reach.
Led by Rajat Bhargava, CEO and co-founder, JumpCloud provides a platform for people to secure access to the resources they need to do their jobs. The JumpCloud Directory Platform gives IT, security operations, and DevOps a single, cloud-based solution to control and manage employee identities, their devices, and apply Zero Trust principles. The company has a global user base of more than 100,000 organizations, with nearly 5,000 customers spanning 100+ countries, including Cars.com, GoFundMe, Grab, ClassPass, Uplight, Beyond Finance, and Foursquare.