Jumpcloud 100m series 191msawersventurebeat
Jumpcloud 100m series 191msawersventurebeat, a cloud-based directory service provider, has raised $100 million in a Series E funding round led by BlackRock. The funding round also saw participation from existing investors General Atlantic, Foundry Group, and OpenView. JumpCloud’s platform provides a cloud-based directory service that enables IT organizations to securely manage and connect their users to their systems, applications, files, and networks. The company’s platform is designed to be simple and easy to use, making it an ideal solution for small and medium-sized businesses.
JumpCloud’s growth and expansion
JumpCloud has experienced significant growth in recent years, with the company’s revenue increasing by more than 70% year-over-year. The company has also expanded its customer base, with more than 100,000 organizations now using its platform. The new funding will be used to accelerate JumpCloud’s growth and expansion plans. The company plans to invest in product development, sales and marketing, and customer support. JumpCloud also plans to expand its global presence, with a focus on Europe and Asia.
The future of cloud-based directory services
The cloud-based directory service market is expected to grow significantly in the coming years. As more organizations move their IT infrastructure to the cloud. JumpCloud is well-positioned to capitalize on this trend, with its easy-to-use platform and strong customer base.
In conclusion, JumpCloud’s latest funding round is a testament to the company’s success and potential for growth. With the new funding, JumpCloud is well-positioned to continue expanding its platform and customer base, and to become a leader in the cloud-based directory service market.