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Cloud Security Startup JupiterOne Lands $70 Million at 'Unicorn' Valuation

Cloud security startup JupiterOne has raised $70 million in a new round of financing that values the company north of $1 billion.

The Series C financing brings the total raised by JupiterOne to $119 million and the estimated ‘unicorn’ valuation is a signal that investors are willing to spend big on startups in the cyber asset attack surface management space.

JupiterOne logo

JupiterOne markets a cloud-native SaaS platform that provides visibility and security capabilities for an organization’s cyber assets. The company’s technology is used to help enterprises easily map, analyze, and secure complex cloud environments. 

JupiterOne, based in Morrisville, North Carolina, said the new funding round was led by Tribe Capital with participation from new investor Alpha Square Group. Existing backers Sapphire and Bain Capital Ventures and invested.

The company said the new funding will be used to expand go-to-market capabilities, expand engineering investments, and increase research and development into attack surface management solutions, including unified asset inventory, vulnerability management, and security posture automation. 

JupiterOne said the late-stage financing (and heady valuation) comes on the heels of a record year of growth in terms of revenue, customers, and employees.  

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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. Ryan is a veteran cybersecurity strategist who has built security engagement programs at major global brands, including Intel Corp., Bishop Fox and GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan's past career as a security journalist included bylines at major technology publications including Ziff Davis eWEEK, CBS Interactive's ZDNet, PCMag and PC World. Ryan is a director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world. Follow Ryan on Twitter @ryanaraine.