Home / SmartTech / JupiterOne Raises $ 19M for Series A Cyber ​​Asset Management Automation – TechCrunch

JupiterOne Raises $ 19M for Series A Cyber ​​Asset Management Automation – TechCrunch

Asset management might not be the most exciting topic of conversation, but it is often an overlooked area of ​​cyber defense. Knowing exactly what assets your company has can make it easier for you to identify where the vulnerabilities are.

That is the problem that JupiterOne is trying to fix.

“We developed JupiterOne because we saw a gap in the way companies manage the security and compliance of their cyber assets on a daily basis,” said Erkang Zheng, founder and CEO of the company.

The Morrisville, NC-based startup, which emerged from the healthcare cloud company LifeOmic in 2018, helps businesses see all of their digital and cloud resources by turning into dozens of services and tools, including Amazon Web Services, Cloudflare and GitLab, the results are integrated and centralized in a single monitoring tool.

JupiterOne says it̵

7;s easier for companies to identify security issues and ensure regulatory compliance to help companies avoid security breaches and data breaches by detecting issues early.

The company already has Reddit, Databricks and Auth0 as clients and just secured $ 19 million in its Series A, led by Bain Capital Ventures and with the participation of Rain Capital and its parent company LifeOmic.

As part of the deal, Bain partner is Enrique Salem will join the JupiterOne board of directors. “We see a huge multi-billion dollar market opportunity for this technology with medium and enterprise customers,” he said. Asset management is expected to be a $ 8.5 billion market by 2024.

Zheng told TechCrunch the company plans to use the funds to accelerate its technical efforts, go-to-market strategy, and develop new product features.

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