JupiterOne has announced $19 million in venture funding to help companies automate asset discovery, visibility and compliance as a critical foundation for cyber security. The company has plans to use the funds to expand its go-to-market efforts.
The Series A funding round was led by Bain Capital Ventures, with additional investment from Rain Capital, LifeOmic, and individual investors.
JupiterOne is claimed to reduce the time and effort required to collect and analyze assets, demonstrate compliance, and improve the organization’s overall security posture.
The solution replaces manual asset inventories and survey-driven security assessments with a data-driven approach to provide an objective and continuous outcome.
JupiterOne was founded as a subsidiary of LifeOmic, a cloud-native healthcare software company. Erkang served as LifeOmic’s chief information security officer, and initially built JupiterOne to support security and compliance needs for LifeOmic’s cloud software.
It was later spun out as an independent startup. Current customers include cloud-native organizations such as Reddit, Databricks, HashiCorp, Addepar, Auth0 and OhMD.