JumpCloud

JumpCloud is an American enterprise software company[3] headquartered in Louisville, Colorado.[1] The company was formally launched in 2013 at TechCrunch Disrupt Battlefield with its announcement of an automated server management tool.[4] JumpCloud’s cloud based directory as a service platform is used to securely manage users identity, devices, and access across things such as VPN, Wi-Fi, Servers and workstations.[5]

JumpCloud
TypePrivate
Founded2013
Founder
  • Rajat Bhargava (CEO)
  • Larry Middle (CFO)
Headquarters
Louisville, Colorado[1]
Key people
Rajat Bhargava[2] (CEO)
Mackey Craven (Board Member/Investor)
Gary M. Reiner (Board Member/Investor)
Casber Wang (Board Observer/Investor)
Websitejumpcloud.com

History

JumpCloud received a seed round of funding of $1.2 million in December 2012, and a $3 million Series A round in January 2014.[6] The company completed Series B funding in August 2015 with a $4.3 million investment.

In November 2017, JumpCloud raised an additional $20 million series C round.[7] In May 2019, JumpCloud raised a series D round of financing of $50 million.[8]

In November 2020 it closed a $75 million Series E funding.[9] In January 2021, the company added $25 million to its Series E financing, closing the round at $100 million.[10]

In September 2021, JumpCloud announced a $159 million Series F investment, at a valuation of $2.56 billion.[11]

In early 2020, the company moved to a new office in Louisville, Colorado.[1] During the COVID-19 pandemic, the company became fully remote, with staff in multiple states.[1]

On February 24, 2022, JumpCloud acquired competitor Myki,[12] and by April 10, 2022, all Myki services were shut down.[13]

In July 2023, JumpCloud experienced a network intrusion, allowing hackers to conduct downstream attacks to other organizations. Cybersecurity firm SentinelOne first attributed the attack to North Korean state-sponsored hackers,[14][15] which JumpCloud CISO Bob Phan later confirmed.[16]

Product history

In July 2015, JumpCloud added support for Google Apps to its cloud-based directory service.[17]

In May 2020, JumpCloud added availability of its use through Apple’s Mobile Device Management (MDM), enabling managing of Apple macOS devices via the MDM protocol and support for deployment through Apple’s Device Enrollment Plan (DEP).[18][19]

JumpCloud introduced conditional access policies to its directory platform in December 2020, enabling IT admins to adopt Zero Trust security.[20]

In August 2021, JumpCloud introduced a new iOS and Android application to help enterprise IT departments with multi-factor authentication.[21]

References
  1. Greenhalgh, Nick. "What 2020 taught Colorado startup innovators as they enter 2021". Denver Business Journal. American City Business Journals. Retrieved 25 January 2021.
  2. Davidson, Michael (17 December 2013). "JumpCloud Names Colorado Startup Veteran Rajat Bhargava Its New CEO". Xconomy. Xconomy. Retrieved 18 January 2021.
  3. Gillin, Paul (11 June 2020). "JumpCloud extends cloud directory service with detailed user activity monitoring". siliconANGLE. SiliconANGLE Media Inc. Retrieved 18 January 2021.
  4. "JumpCloud Unveils Service To Make AWS Cloud Servers Less Vulnerable To Attack". TechCrunch. Verizon Media. Retrieved 18 January 2021.
  5. Johnson, Derek B. (13 January 2021). "JumpCloud land $100 million in funding, as secure remote access market continues surge". SC Media. CyberRisk Alliance, LLC. Retrieved 18 January 2021.
  6. Avery, Greg. "JumpCloud raises $3 million from Foundry Group, TechStars founder". Denver Business Journal. American City Business Journals. Retrieved 18 January 2021.
  7. "JumpCloud Raises $20 Million Series C to Automate Server Management". Wall Street Journal. Dow Jones & Company, Inc. 20 November 2017. Retrieved 18 January 2021.
  8. Greenhalgh, Nick. "Boulder's JumpCloud Raises $50M, to Hire 200 and Open Denver Office". COLORADOINNO. American City Business Journals. Retrieved 25 January 2021.
  9. Miller, Ron. "JumpCloud raises $75M Series E as cloud directory service thrives during pandemic". TechCrunch. Verizon Media. Retrieved 18 January 2021.
  10. Sawers, Paul (12 January 2021). "JumpCloud closes $100 million round as remote work drives cloud directory service demand". VentureBeat. VentureBeat. Retrieved 18 January 2021.
  11. Miller, Ron. "JumpCloud raises $159M on $2.56B valuation for cloud directory tool". TechCrunch. Verizon Media. Retrieved 29 September 2021.
  12. "JumpCloud Acquires Myki". Global News Wire. 24 February 2022. Retrieved 11 April 2022.
  13. Myki (1 March 2022). "We Got Acquired! What You Need to Know". The Myki Blog. Retrieved 3 March 2022.
  14. Arghire, Ionut (2023-07-20). "JumpCloud Cyberattack Linked to North Korean Hackers". SecurityWeek. Retrieved 2023-07-24.
  15. "North Korea Leverages SaaS Provider in a Targeted Supply Chain Attack". Mandiant. Retrieved 2023-07-24.
  16. Phan, Bob (2023-07-12). "[Security Update] Incident Details". JumpCloud. Retrieved 2023-07-24.
  17. "JumpCloud Connects Into Google Apps". techrockies. SOCALTECH LLC. Retrieved 18 January 2021.
  18. Chambers, Bradley (21 May 2020). "JumpCloud expands Apple enterprise offering by adding MDM solution". 9to5Mac. 9to5. Retrieved 25 January 2021.
  19. Chambers, Bradley (11 November 2020). "JumpCloud, the popular directory-as-a-service and Apple MDM vendor, announces macOS Big Sur compatibility". 9to5Mac. 9to5. Retrieved 25 January 2021.
  20. Sellers, Dennis (16 December 2020). "JUMPCLOUD INTRODUCES CONDITIONAL ACCESS POLICIES TO ITS DIRECTORY PLATFORM". AppleWorld.Today. Raven Solutions, LLC. Retrieved 25 January 2021.
  21. Chambers, Bradley (25 August 2021). "JumpCloud Protect iOS app is now available for free enterprise multi-factor authentication". 9to5Mac. 9to5. Retrieved 30 November 2021.
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