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Wednesday, December 7, 2022

Work from Home Proves to be a Boon for JumpCloud: Raised $100 Million

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JumpCloud, a cloud-native directory service for organizations, has raised $100 million in a Series E round led by BlackRock after an earlier $75 million tranche disclosed in November.               

JumpCloud, founded in Colorado in 2012, provides a cloud directory platform at the intersection of a company’s various endpoints (e.g., laptops and mobile devices), user identities, and access, acting as a single conduit that connects a company’s workers with all the IT resources required to do their jobs.

Today, there are two trends: more cloud usage and more people performing their jobs from anywhere. This has altered how businesses manage and safeguard their personnel, as well as their access to the IT resources they rely on to do their tasks. JumpCloud has always envisioned a more flexible future for enterprises through the use of heterogeneous platforms, such as cloud, mobile, and distant locations. Further, the changing work scenario due to Covid restrictions has given ample boost to the “work from home” culture and companies are investing in various cloud storage and virtual collaboration platforms.

Three years of COVID and the world has seen a shift to cloud infrastructure and online apps, as well as the growth of alternative office operating systems such as Mac and Linux, not to mention the increasing acceleration of remote work. Due to this shift, the employees need to access corporate systems from any location (and from any number of device-software configurations). This transformation has led to severe restrictions in Active Directory.                    

Keeping all this in mind, JumpCloud has now raised about $191 million since its founding, and the company stated that it will use its current funding infusion to speed up product development and engage in worldwide sales and marketing activities.

JumpCloud is thrilled to bring Transform 2022 back to life in person on July 19 and online from July 20 to 28. AI and data professionals can join it for great networking opportunities. Register now!                    

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