Asset management might not be the most amazing talking topic, but it’s often a neglected location of cyber-defenses. By understanding precisely what possessions your company has makes it much easier to understand where the security weak spots are.
That’s the problem JupiterOne is attempting to fix.
“We built JupiterOne because we saw a space in how organizations manage the security and compliance of their cyber possessions day to day,” stated Erkang Zheng, the business’s founder and president.
The Morrisville, North Carolina-based startup, which drew out from healthcare cloud company LifeOmic in 2018, helps companies see all of their digital and cloud assets by integrating with lots of services and tools, including Amazon Web Solutions, Cloudflare and GitLab, and centralizing the results into a single tracking tool.
JupiterOne says it makes it much easier for business to find security concerns and preserve compliance, with an aim of helping companies prevent security lapses and data breaches by capturing problems early on.
The business already has Reddit, Databricks and Auth0 as consumers, and simply protected $19 million in its Series A, led by Bain Capital Ventures and with participation from Rain Capital and its parent company LifeOmic.
As part of the deal, Bain partner Enrique Salem will join JupiterOne’s board. “We see a large multi-billion-dollar market opportunity for this technology throughout mid-market and enterprise consumers,” he said. Asset management is slated to be a $8.5 billion market by 2024.
Zheng informed TechCrunch the business plans to utilize the funds to accelerate its engineering efforts and its go-to-market strategy, with new item functions to come.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.