JupiterOne Secures $19M Round for Cyber Asset Management
September 21, 2020
secured $19 million in venture funding to help companies automate asset
discovery, visibility and compliance as a critical foundation for cyber
security. JupiterOne closes an important gap for CISOs, security
operations, and compliance officers by providing automated, accurate and
actionable visibility to their global asset inventory. The Series A
funding round was led by Bain Capital Ventures, with additional
investment from Rain Capital, LifeOmic, and individual investors.
Cyber security asset management is a fast-growing segment of the global
security and compliance market, estimated to reach $8.5 billion in
spending by 2024. JupiterOne serves a critical need by reducing cost and
complexity and providing in-depth visibility for cloud posture
management, risk analysis and compliance reporting, vulnerability
management, threat hunting, and incident response. Current customers
include leading cloud-native organizations such as Reddit, Databricks,
HashiCorp, Addepar, Auth0 and OhMD.
JupiterOne significantly reduces the time and effort required to collect
and analyze assets, demonstrate compliance, remediate security gaps, 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 technology provides granular visibility into
software-defined assets and resources, and deep understanding of
“Security is a basic right for every organization, but cost and
complexity are major barriers,” said Erkang Zheng, founder and CEO of
JupiterOne. “We built JupiterOne because we saw a gap in how
organizations manage the security and compliance of their cyber assets
day to day. Compliance should be a natural outcome of doing security
correctly, and that starts with understanding what resources you have,
how they are configured, who owns them, and how they are connected to
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. After
hearing feedback from customers on the value of its novel approach to
automating security operations and compliance, LifeOmic productized this
solution as JupiterOne. Prior to LifeOmic, Erkang had previously spent
15 years as a security practitioner and leader with Fidelity, IBM, Cisco
and others, seeing first-hand that too many security teams are operating
without granular visibility into the security and compliance of their
“JupiterOne has developed a compelling product that integrates quickly,
has applicability across enterprise segments, and is highly reviewed by
current customers,” said Enrique Salem, partner at Bain Capital
Ventures, and former CEO at Symantec. Salem now joins the JupiterOne
board. “We see a large multibillion dollar market opportunity for this
technology across mid-market and enterprise customers. Asset management
is the first step in building a successful security program, and it’s
currently a tedious, imperfect process that’s well-suited for
“JupiterOne prospects say time and again that there’s no solution as
mature or as sophisticated as what JupiterOne is bringing to the
market,” said Dr. Chenxi Wang, general partner at Rain Capital. “The
cross-platform graph data model is a game-changer. Cyber security and
asset management can no longer be managed separately. The two pieces are
merging together, and JupiterOne is helping companies adjust to that new
Erkang and his team built JupiterOne to provide continuous, data-driven
visibility across cyber assets and system configurations, eliminating
guesswork for security operations teams, vulnerability managers, and
threat hunters. JupiterOne received a 451 Firestarter award last year
from technology research and advisory firm 451 Research, recognizing
exceptional innovation within the technology industry.
Typical implementations of JupiterOne achieve:
Visibility of Global Asset Inventory: Get visibility across cloud,
human, and digital operations through direct integrations with dozens of
providers and services. Automate the discovery, security, and compliance
for your global cyber asset inventory.
Threat and Risk Reduction: Ask questions of your inventory to discover
unknowns, gaps and vulnerabilities at their source. Make your data work
for you, not the other way around. Find and follow up on issues with
rapid querying of up-to-date asset data.
Significant Cash Savings: Less is more. Reduce overall asset inventory
costs and maintenance overhead with JupiterOne's apps and technologies.
Do more with fewer resources and lower your costs.
Achieve Compliance Quickly: Speed up evidence collection and enable
continuous controls monitoring by mapping data to requirements. Achieve
compliance goals faster and more accurately than ever before.
Securely Empower Your Digital Transformation: JupiterOne enables secure
digital transformation with continuously updated asset and security
models. Security is the biggest inhibitor to digital transformation.
With JupiterOne, security for your assets as you transition to the cloud
is not only possible, it’s easy.