JupiterOne joins growing list of CyberTech unicorns

JupiterOne, a cyber asset attack surface management platform, has closed its Series C on $70m, which brings its valuation to $1bn.

Tribe Capital served as the lead investor, with commitments also coming from Intel Capital, Alpha Square Group, Sapphire, Bain Capital Ventures, Cisco Investments and Splunk Ventures.

This capital injection will enable JupiterOne to grow its go-to-market capabilities, deepen its engineering investments and increase product development to address market needs across attack surface management, including unified asset inventory, vulnerability management, and security posture automation.

Furthermore, funds will be used to extend the reach of JupiterOne’s partnership and integration teams, as well as scale its direct and channel sales efforts.

JupiterOne is a cloud-native cyber asset attack surface (CAASM) platform that helps enterprises easily map, analyse, and secure complex cloud environments. It claims to be a foundation for security programs, giving customers deeper security context and visibility into their cyber asset landscape so they can better prioritise security risks.

It integrates continuous cyber asset data for security operations and engineering, cloud security, configuration management, and compliance use cases.

In line with the deal, Tribe Capital partner Sri Pangulur will join the JupiterOne board of directors and Intel Capital managing director Sunil Kurkure will join as a board observer.

With the close of the round, the company has raised a total of $119m. JupiterOne previously raised $30m in its Series B funding round in May 2021.

JupiterOne founder and CEO Erkang Zheng said, “Security is a data problem that needs an engineering approach and a true platform for consolidation. Our Series C funding underscores the unique value that the JupiterOne platform provides to our customers to help them unify and coordinate existing security investments, automate cloud security postures, and reduce their cyber risk and security program costs.

“We provide our customers with valuable security context and true visibility of their organization’s cyber asset landscape using data and automation, to help them prioritize risks and protect their business.”

Earlier this week, cloud-native logging and security analytics platform Devo Technology reached a $2bn valuation after the close of its Series F on $100m. Similarly,  Israel-based Perimeter 81 became the latest CyberTech unicorn, following the close of a Series C funding round.

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