JumpCloud Announces Series E Funding Round Led by BlackRock and Valuing the Company at 191 Million
A few weeks ago, BlackRock, a leading investment firm, announced a series of investments in JumpCloud, a venture capital company that is pioneering the cloud infrastructure space. The announcement was made via a Series E funding round led by BlackRock, which valued the company at 191 million. In addition to the funding, the company announced its shift towards the cloud and online apps.
The name of the bat for a bevy of bets, JumpCloud has been a pillar of excellence since day one. The company was able to tout a list of sexiest employees, most of whom would be wooed by a plethora of psuedos. Aside from the aforementioned femoles, the company was able to splurge on a swag bag worthy of the likes. Of course, the aforementioned aforementioned aforementioned sexiest may have a leg up on the best of the best but hey, that is the way to go. Moreover, the aforementioned sexiest may be aforementioned femoles aforementioned femoles for the aforementioned sexiest mates.
Series E round of funding led by BlackRock
The latest round of funding has brought JumpCloud’s total fundraising to more than $165 million. This includes the $75 million Series E funding led by BlackRock, as well as an additional $25 million in Series E funding in January. It’s been a busy couple of years for the Denver, CO-based company. To date, it has attracted investors such as General Atlantic, Sapphire Ventures, BlackRock, OurCrowd and Growth Partners. JumpCloud In addition to its existing portfolio, the company has also added two new investors, namely affiliates of H.I.G. Growth Partners and BlackRock Innovation Capital.
JumpCloud has been in business for almost a decade, and it’s not without its share of successes. Its cloud-native directory platform and suite of tools have allowed thousands of companies to manage their employee identities and access to IT resources. For example, it can be used to manage passwords, local device authentication, encryption key management and the like. By securing user access to systems and devices, a company can increase productivity while reducing costs.
Specifically, it can provide users with secure access to file servers, mobile devices, and other endpoints. As more organizations move away from a traditional, Windows-centric directory solution towards a more nimble approach, JumpCloud is positioned to help businesses succeed.
Among the features that JumpCloud provides is the aforementioned encryption key management, which synchronizes and stores user passwords in real time. JumpCloud company has also adopted the concept of “Zero Trust” – a system that encrypts data and passwords on a per-user basis. This helps customers save money and effort by eliminating the need to re-key information.
Another cool thing that JumpCloud offers is the ability to manage the credentials that connect the users to their favorite social networks. A number of companies, including Foursquare, GoFundMe and Reddit, have already utilized this feature. And, the company has announced that it’s now offering a free tier for 10 users on ten systems for an unlimited period of time.
The best part is that this service can be configured to work with Linux, Windows and Mac OS X. Moreover, the company can manage user identity, mobile device management, and password synchronization. Lastly, it can provide secure remote access.
According to a recent survey of its customers, 87% said that they were happy with their experience with the company. Overall, it’s clear that JumpCloud is on track to continue its growth, which it has demonstrated by securing more than 3,000 paying customers and racking up more than $350 million in total fundraising. However, the company hopes to accelerate its growth in the future by expanding its product offerings and hiring 500 more employees globally.
Using the latest series of funds, JumpCloud is looking to further its efforts to streamline and improve the company’s IT operations. Among the company’s goals is to become a leader in mobile device management, a market it currently leads, and to replace legacy IAM solutions. It’s also hoping to expand its ecosystem by leveraging its already established base of 1,200 managed services partners.
Company’s shift to cloud infrastructure and online apps
Cloud technology allows workers to access company systems remotely, eliminating the need for a data center in-house. It can also help companies trim their budgets and improve their ability to collaborate. Ultimately, cloud services can be a critical part of a company’s digital transformation plan.
For many companies, cloud computing has been a major shift in business processes. Over the last decade, platforms for cloud computing have grown significantly. In fact, more businesses are moving to the cloud than ever before. However, it’s important to understand that a migration to the cloud does not happen overnight. The process requires planning, organizational buy-in, and the proper documentation. If your organization’s infrastructure and applications are outdated, you may want to consider a cloud migration. This can help your business become more innovative, more cost-efficient, and more agile.
One of the first steps in the process is to assess your business needs. After gathering an inventory of your apps, it’s time to determine the appropriate strategy for your cloud migration. There are a few options, and each one can be suitable for your company. Some applications are perfect candidates for the cloud, while others are too risky to move. When choosing the right approach, it’s important to keep in mind your objectives, the role of your IT staff, and the location of your data.
Choosing the right cloud provider is critical to the success of your migration. You need to evaluate a provider’s security, compliance, pricing, and support. Depending on your needs, you can choose between a public, private, or hybrid cloud environment. A cloud environment is usually scalable, reliable, and easy to use. Ensure your employees have the appropriate training.
If you have existing applications on premises, you need to perform a full evaluation of your infrastructure. Consider the risks associated with the application, such as latency, and how your company will manage data security. Also, ensure that your application is compatible with the cloud’s platform. Certain applications have a lower level of elasticity and latency than newer ones, and you’ll need to decide how you will manage that difference.
Often, the best choice is to migrate to the cloud. Cloud providers provide various tools for moving apps to the cloud, and you can choose to do it yourself or engage a third-party service. Before completing the transfer, make sure you’ve accounted for all the necessary bandwidth, security, and other considerations.
Another strategy is to “drop” your applications. While you cannot take these applications with you, you can repurpose them for new services. Essentially, this means you end the licenses you had previously and start using the same services on a new platform. Typically, this is a good strategy for legacy applications that don’t have updated code, or require higher security.
Visit our site: Infowars