JumpCloud raises $156 Million at $2.56 Billion Valuation for Tech Industry

JumpCloud is a start-up that aims to help enterprises in connecting their employees with all the IT tools necessary for their work. It is a cloud directory platform that relates to mobile device management, single sign-on, multi-factor authentication, etc.

The round Series F was led by Sapphire Ventures. New investors were Owl Rock, Whale Rock Capital, Sands Capital, and Endeavor Catalyst. Among already participated investors were General Atlantic, BlackRock, and H.I.G. Growth Partners.

JumpCloud was founded in 2012 in Colorado by Rajat Bhargava (now – CEO) and Larry Middle (now – CFO). They understood the need for IT departments in a platform that would manage cloud infrastructure, storage solutions, web applications, etc. As of now, the company has 5000 clients. With the money raised JumpCloud is going to make some acquisitions.

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