JupiterOne, an enterprise asset and security management provider, recently raised $19 million in a Series B round to accelerate its mission to automate IT asset management through its cloud-based platform.
This marks a major milestone in the company’s operations, as the new funding will help JupiterOne to expand its offerings and reach more customers.
Background of JupiterOne
JupiterOne is an automated IT asset management platform that uses advanced technology to simplify managing complex network environments. Founded in 2018 by computer security veterans and entrepreneurs, the platform provides real-time visibility into a company’s infrastructure, enabling businesses to efficiently manage and monitor their critical assets.
In November 2019, JupiterOne raised $19 million in Series A funding to expand its mission of helping businesses keep an eye on all their IT assets. From software applications to hardware components, the company’s intuitive visualizations enable companies to realize up-to-date views of their networks and make decisions quickly. In addition, by reducing the manual labor associated with traditional IT asset management, the platform improves efficiency, accuracy and speed while increasing saving costs in the long run.
Overview of JupiterOne’s mission
JupiterOne, an Austrian- American cloud security and IT asset management platform, recently announced a new funding round of $19 million from Khosla Ventures and other investors. The fundraising is to support JupiterOne’s goal of simplifying IT Asset Management (ITAM) for organizations of all sizes.
JupiterOne’s mission is to simplify IT asset management with a comprehensive view of the company’s digital assets across clouds, networks, and endpoints in one platform. With this funding round, the company plans to bring its automated solution even further—enabling organizations to quickly get visibility into their assets and risks.
Detailed insight into an organization’s IT assets helps businesses meet compliance requirements such as GDPR or PCI and save valuable time managing hardware/software lifecycles. To do this more efficiently, JupiterOne has developed an AI-powered risk assessment engine that can track real-time changes across multiple sources such as cloud networks and servers worldwide. In addition, their asset aggregator was designed with total control over assets across the entire infrastructure stack so customers can safely store their most valuable organizational data while still being vigilant against attacks or vulnerabilities from cyber crooks.
JupiterOne raises $19 million to automate IT asset management
JupiterOne, the automation platform for IT asset management, recently announced $19 million in a Series A funding round backed by notable investors including PayPal and Aspect Ventures.
With this new funding, the company plans to rapidly expand its offerings to better serve customers who need to automate their IT asset management.
Let’s take a closer look at the details of the Series A and how this investment can help JupiterOne achieve its mission.
Details of the funding round
JupiterOne, a provider of IT asset management solutions and automation services, has announced the closure of a $19 million Series B funding round led by Insight Partners. The investment will accelerate JupiterOne’s mission to provide customers with an automated capability for identifying, understanding, and managing their cyber risk exposures.
The company provides data security through automated scan detection and response for IT assets across an organization’s network. The investment enables JupiterOne to build additional resources and expand its engineering team, bring additional product features to market faster, and focus on providing a unified platform that fully automates the collection and analysis of physical, cloud and hybrid assets within an organization’s environment.
Previous investors Matrix Partners also participated in this Series B round alongside new investors 7wire Ventures, Drive Capital, Hyde Park Angels, Nehemiah Security Labs. New York City-based JupiterOne has now raised nearly $30 million since launching in late 2020.
JupiterOne, the leading cybersecurity and IT asset management platform, recently announced a $19 million Series A funding round to further its mission of automating IT asset management. This funding round was led by Norwest Venture Partners. It included the participation of existing investor Sierra Ventures and funds and accounts advised by T. Rowe Price Associates, Inc.
The $19 million in Series A funding will enable JupiterOne to continue developing its platform and expand its engineering, sales and marketing teams. With this added infrastructure, JupiterOne is poised to become a major leader in the automation of IT asset management solutions. The funds raised will also scale out JupiterOne’s core platform in North America and beyond.
The support from these investors is a strong endorsement for the platform’s capability in helping organizations improve cross-function operational visibility and gain better control over their IT security posture. In addition, it is clear from this round that investors are confident in JupiterOne’s technologies ability to address complex enterprise needs for digital transformation related to cybersecurity, compliance management, governance data integrity, cost containment and turnkey onboarding through automated scans.
Uses of the funds
The funds raised from the Series B funding round will be used to advance JupiterOne’s mission to automate IT asset management, security, and compliance capabilities to enable organizations to more easily identify and address critical risks.
These funds will help accelerate JupiterOne’s product roadmap initiatives, strengthen its core engineering team, and invest in global go-to-market motions. Additionally, the company plans to build upon its existing partnerships with expert security solution providers, allowing customers to further tailor their cloud asset management experience.
The total amount raised in the round was $19M.
Automating IT Asset Management
JupiterOne, a cloud security and IT asset management platform provider, has raised $19 million to further its mission of automating IT asset management.
This new funding will help JupiterOne continue expanding its IT asset management operations, which is a growing need in the market today.
Let’s take a more detailed look into how JupiterOne is working to automate IT asset management.
Challenges of manual IT asset management
When tasks like asset inventory are tracked and handled manually, manual asset management processes are slow, error-prone and labor-intensive. This becomes an even bigger problem in large organizations that must keep track of thousands of different devices across multiple locations — critical equipment like servers, network routers, desktops, and laptops.
Typically, there is no standard process or agreement on accurately tracking IT inventory across departments for IT asset management activities within a given system. As a result, significant time is wasted tracking down the necessary information from the various stakeholders responsible for various pieces of the IT infrastructure — manual reconciliation between various teams with differing views can be challenging and costly.
In many cases, spreadsheet-based systems cannot handle more complex requirements such as linking assets to contracts, warranties and software licenses; retirement dates; or virtual assets created via cloud computing services. Additionally, these manual processes fail to meet essential compliance regulations or present a high risk of user fraud or data leakage due to lack of automated access control mechanisms.
Benefits of automation
Automating IT asset management is quickly gaining popularity as more organizations recognize the benefits of adopting new technology-driven solutions. Automation is a powerful tool for improving security and compliance, reducing costs and increasing efficiency. It can provide a range of advantages, such as:
– Enhanced security – Automation allows for more comprehensive security audits and reduces the time window when an attacker might access systems without being detected. Automated IT asset management can detect potential risks faster than manual processes and notify the relevant personnel immediately.
– Improved insight – Automation enables organizations to gain better visibility into their infrastructure, data sets and connections, enabling them to make faster, more informed decisions. By understanding what’s on their network, organizations can develop tailored policies that help to reduce risk levels while keeping costs low.
– Streamlined processes – Manual processes are labor intensive and prone to error; automation eliminates this complexity by streamlining tasks such as configuration management, software deployment and updates. This helps teams move faster with fewer errors or omissions while reducing operational costs.
– Scalability -Finally, automating IT asset management allows companies to scale up their infrastructures quickly when needed without impacting performance or security standards. This level of scalability helps ensure businesses are on track to meet growth objectives – even in uncertain environments such as during a pandemic or with rapid fluctuations in demand due to changing regulations or customer expectations.
Key features of JupiterOne
JupiterOne is a cloud-based IT asset management solution designed to provide comprehensive visibility of an organization’s IT infrastructure and applications so they can be securely managed and monitored. It helps identify and prioritize security threats, prevent unauthorized access, synchronize accounts with directory services, monitor hardware and software events, track user activities and more.
JupiterOne offers users various features that allow them to gain real-time visibility of their IT assets for better control and protection. These features include:
- Asset Discovery: Automatically discovers network devices connected to the LAN and inventory other IT assets such as cloud services, applications, websites, databases and users across the environment.
- Configuration Monitoring: Monitors specific configuration settings of servers or desktops on a scheduled basis such as password policies, antivirus updates, service accounts etc.
- Change Management: Changes done by administrators are tracked for better auditability so that any potential misconfigurations can be reviewed quickly.
- Risk Mitigation: Identifies potential security risks related to network connected devices or installed software by running scans regularly.
- Incident Containment: Provides containment recommendations if any security breach is detected to limit the damage caused.
- Access Governance: Enforces access control standards by identifying user access privileges related to critical systems or networks like AWS VPCs/subnets. Only authenticated individuals will be granted access based on their privilege levels.
JupiterOne’s mission to automate IT asset management is having a significant impact on businesses of all sizes. By automating IT asset management, JupiterOne has made it easier for businesses to keep track of their IT assets, resulting in improved security and cost savings.
This newfound capability has also enabled businesses to respond quickly to changes in their industry and capitalize on opportunities.
Let’s look at some of the specific impacts of JupiterOne’s mission.
Potential impact on the IT asset management industry
JupiterOne’s mission to automate IT asset management has potential implications for the entire industry. As IT systems become increasingly complex, companies seek ways to manage their IT assets more efficiently. JupiterOne is addressing this need with its platform — which offers powerful automation and visibility into network infrastructure and cloud resources. With their recent $19 million in funding, JupiterOne is well positioned to impact the current state of IT asset management.
The ability to rapidly deploy software with automated processes will increase agility and accuracy within the IT industry, while providing valuable insights into an organization’s asset architecture and compliance status. By minimizing manual processes and eliminating duplicate data entry, businesses can leverage automated solutions to reduce costs associated with asset tracking. Automation also has the potential to reduce downtime due to employee errors as well as improve security by quickly identifying and remediating risks or misconfigurations before they turn into major threats.
Overall, JupiterOne’s mission could have far reaching benefits for organizations both large and small by streamlining device, configuration and policy management across their IT ecosystems all while increasing security posture across their digital environment.
Benefits to businesses
As businesses rely on ever-increasing amounts of data, IT asset management becomes an even more integral part of organizations. For many business organizations, the amount of time required to ensure sensitive data is secure and easily accessible can be a daunting task. IT asset management solutions like JupiterOne are beneficial in automating this process, thereby reducing the time and money associated with manual processes.
JupiterOne’s mission to automate IT asset management has recently been reinforced with a $19 million investment. This additional funding will allow JupiterOne to continue delivering valuable insights into existing IT asset deployments, enabling organizations to better secure their data and optimize their operations.
For organizations looking for a simplified approach to managing their information, JupiterOne’s automated system offers several key benefits. By simplifying the organization and automation of digital assets and systems in one place, JupiterOne reduces time-consuming manual labor related to audits, compliance processes or security incidents. In addition, this automation makes it easier for companies to find actionable insights from their data so they can quickly determine the status of their systems at any given time — allowing them to make smarter decisions relating to budgeting and operations down the road.
Finally, businesses leveraging JupiterOne’s automated IT asset manager can also ensure that changes are properly tracked as they happen — thus providing greater accountability when making changes and helping them remain compliant with regulations such as GDPR (General Data Protection Regulation). Collectively these benefits provide greater transparency into an organization’s digital assets while helping them meet tough compliance standards without additional overhead costs associated with traditional auditing processes.
JupiterOne’s mission to automate IT asset management has been successful. Through their new funding round, they raised $19 million which will help them continue to develop their IT asset management platform.
This funding round will help JupiterOne realize their vision and help organizations automate their IT asset management. In this article, we will look at the importance of JupiterOne’s mission to automate IT asset management.
Future of automation in IT asset management
As digital transformation and DevOps initiatives become commonplace in companies of all sizes, there is a growing need for IT assets to be tracked, governed and backed up. As such, automation has become integral to many businesses’ operations.
JupiterOne’s mission to automate IT asset management is an example of a growing trend that seeks to automate the management of assets to increase efficiency and reduce human error. The startup recently raised $19 million in Series A funding, including investments from Sequoia Capital, Susquehanna Growth Equity, Global Brain Corporation and Clocktower Technology Ventures.
This latest injection of capital will enable JupiterOne to expand their platform and invest in new technology initiatives. It also provides a glimpse into the future of automated asset management, which includes improved scalability, real-time monitoring capabilities without manual intervention and improved efficiencies across entire organizations that require various levels of security when handling vast amounts of data.
With JupiterOne’s investment allowing them to take their platform even further, likely, other major players in this space will soon follow suit. As companies continue to shift towards automated solutions for asset management as part of their digital transformation strategies, the future looks bright for those working towards creating more refined automation platforms.