JupiterOne is raising $70M at a $1B+ valuation to help track, manage and secure complex cyber assets.

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One of the by-products of today’s IT environments, which can include multiple cloud and data stores, on-premise servers, thousands or even millions of connected devices and users, multiple applications, and more, is that this size and complexity is a minefield when it comes down to safety. Malicious hackers have many potential entry points, so the goal of security professionals is to get a complete picture of how things are going across the entire network—no matter how fragmented those operations may be.

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Today a company called JupiterOne which has created a platform aimed at just that, is announcing $70 million in funding at a valuation that it says is in excess of $1 billion, a sign not only of its own success, but of the opportunities investors see for growth.

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Tribe Capital leads the round with a number of others, including new backers Intel Capital and Alpha Square Group, as well as existing investors Sapphire, Bain Capital Ventures, Cisco Investments and Splunk Ventures.

You will notice a number of technology companies on this list. Part of JupiterOne’s special sauce is how it seamlessly integrates data from the many tools and providers an organization may work with, and as such, they are all strategic. Case in point: just yesterday, a company announced deep integration with Splunk to provide better data visibility for Splunk users. Another example of this is the recent launch with Cisco of a new product, Cisco Secure Cloud Insights with JupiterOne.

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“JupiterOne directly complements our cloud portfolio, and our investment in Splunk Ventures, combined with the new integration partnership, will make it easier for organizations to analyze security information,” said Varun Bhagat, vice president of corporate development at Splunk Ventures, in a statement. . “Splunk and JupiterOne share a commitment to offering our customers deep visibility to stay ahead of the threat landscape, the ability to scale securely, and leverage data to empower digital transformation.”

Erkang Zheng, founder and CEO of JupiterOne, founded the company. originally as an offshoot of LifeOmic, while Zheng himself has Long story security jobs for a number of large enterprises, including Fidelity and IBM. His thesis, which is still relevant to this day, is that you cannot think of “assets” as just infrastructure, but that data and indeed everything and everything on the network (or existing in any way to connect to it) should be considered as part of this infrastructure. the bigger picture of “cyberassets attack surface management”, as the larger space that JupiterOne resides is called.

“JupiterOne was created from my own pain points and my own digital transformation journey,” he said. “How can we turn security organizations into something more than just engineering? This is what digital transformation is about, helping to use data for greater efficiency, so that, for example, remote work is not so painful, and so on. The only way to do this is to have some fundamental understanding and understanding of the entire digital operation. These are cyber assets.”

It was this personal experience that helped him learn about the problems of fragmentation in the IT environment as it existed, and that over time it would only get more complicated (which it did). Clients number in the hundreds, including Robinhood and Hashicorp. mentioned in the past include Reddit, Databricks and Auth0.

“We have seen tremendous exponential growth to get the appreciation we got,” Zheng told me in an interview. “We are definitely at your highest level in terms of clients, recurring income and team size.”

While the company will continue to invest in developing more tools and additional integrations to create a powerful “asset” control center in the very general sense that Zheng described, this gives the startup the ability to use this data in new areas.

One is to start doing more with this data mining and analytics, as it sounds.

“We fundamentally believe that if you have all the right data collected in the right place and are a single source of truth, then you can ask any question regardless of the use case,” Zheng said. “It’s like Google.”

Secondly, it is a deeper transition to open source.

Right now JupiterOne’s customers are mostly in the larger corporate space, the company has the opportunity to work more closely with potentially smaller or more advanced organizations that are still scaling, in a way similar to some of its existing customers who have been with the company “almost since from the very beginning,” Zheng said. “There is significant pool of clients that are still in the early stages.”

For them, they offer a free version of their tools as part of their mission to “democratize” security, and along with that, they continue to develop an open source toolkit to help expand their community. Zheng told me that there are just under 170 OS repositories now. “It’s still early, but we will continue to develop this community,” he said.

“JupiterOne improves the efficiency of cybersecurity professionals by centralizing data on all their cyber assets and constantly showing the relationship between them,” said Sri Pangulur, a partner at Tribe Capital, in a statement. “It is difficult to aggregate assets and make requests possible, but JupiterOne has solved this problem and is becoming the centerpiece of any cybersecurity program. We are thrilled to partner with JupiterOne in their quest to help every security organization reach its full potential.”

Credit: techcrunch.com /

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