Cyber asset management and governance solutions provider JupiterOne on Tuesday announced that it raised $30 million in Series B funding, which brings the total raised by the company to more than $49 million.
The funding round was led by Sapphire Ventures, with participation from previous investor Bain Capital Ventures.
The company plans to use the new funds to scale up its engineering, product development, and go-to-market capabilities. It will also invest in growing its self-service capacity for small and midsize companies.
Founded in 2018, the North Carolina-based firm offers a cloud-native SaaS platform that provides visibility and security capabilities for an organization’s cyber assets. The company says its platform automates asset discovery, visibility and compliance, and it can be used by organizations of all sizes.
“With this funding round, we will focus on the growth of our core position – cyber asset visibility management and governance – and growing our user base and free community,” said Erkang Zheng, JupiterOne CEO and founder.