JumpCloud pulls in $225m for series F funding round

JumpCloud, a provider of cloud directory services, has sucked up $66m from investors including Jira developer Atlassian.

The US-based software corp regards itself as an alternative to the likes of Microsoft’s Active Directory, giving administrators a single pane from which to manage identities and resources over diverse environments consisting of Macs and Linux devices as well as Windows kit.

The company had originally announced $159m series F investment in September, and today took in $66m, which in addition to previous rounds takes total funding to more than $400m, valuing JumpCloud at $2.625bn.

As well as Atlassian Ventures, the CrowdStrike Falcon Fund also loosened the purse strings and invested in JumpCloud today as part of the financial boost. It does not look as though the investors will be entirely passive. Rajat Bhargava, CEO of JumpCloud, noted:

“With this new investment, we can do deep integration work with both Atlassian and CrowdStrike to make JumpCloud’s open, cloud directory the obvious choice for all our customers.”

George Kurtz, CEO and founder of security technology company CrowdStrike, supplied testimony to the Senate Select Committee on Intelligence in February [PDF] decrying legacy authentication and identity models in an increasingly Bring-Your-Own-Device and work-anywhere world.

Other investors include NTT DOCOMO Ventures, a tentacle of the NTT telecommunications giant.

JumpCloud, along with other cloud-based identity providers, has benefitted from the shift to remote working, which has rendered legacy on-premises infrastructure, such as Active Directory, less than ideal. The desire to bring other devices, such as Macs, into formerly Windows-only estates has also proven helpful for third-party identity platforms.

That said, JumpCloud is hardly the only game in town. The likes of Okta also spring to mind when one thinks about Identity-as-a-Service. And Microsoft itself has long been nudging users cloudwards via services such as Azure Active Directory. ®

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