Popular Cloud Directory Service JumpCloud, Raises $159M In New Round Of Funding

 

JumpCloud has raised $159M in a series F round of funding. JumpCloud, a cloud-based directory has been able to ride on the waves of the pandemic to establish itself as one of the best cloud directory services for remote work focused small businesses and enterprises.

Over time, more companies have turned to directory services to effectively manage their internal operations. This is because, a directory service enables storage, retrieval and management of companies' items such as files, folders, accounts, user identities and every other important IT resource needed by the companies' workforce.

Although the directory service market has been largely dominated by competitors like Microsoft’s Active Directory, which is preferred when it comes to on-premise installations, there is an increased shift towards cloud directory services that provide a more flexible alternative to on-site installations. More companies today prefer directory services that provide cloud infrastructure, alternative operating system compatibility and a system that allow their workforce to remotely access company systems anywhere in the world using customisable software configuration. 

In terms of its services, JumpCloud provides a better option for companies' workforce who wish to use the technology they prefer when working. With JumpCloud, users have access to a central directory that unifies device management and identity with high security measures in place to protect each user's privacy.

Jagadeesh Kunda, the Chief Product officer in an interview with VentureBeat said that “more companies will have to manage how their staff access their assets remotely — identity is the key element for this, as it is the only point of consistency.”

For some enterprises, cloud based directory services like the one JumpCloud provides, is the way forward while others still believe that there is a need for on-premise deployment but Kunda explains this away,

He said “Though potentially more customizable, this approach often leads to critical errors through improper management and maintenance of identity and access management infrastructure. Regardless of established routine, cloud-based IAM is more secure, flexible, and often more cost-effective for organizations of any size.”

Although it's not much of a surprise that a company like JumpCloud will raise such an eye catching amount in funding, it's even more impressive considering the fact that in January, the company raised a $100 million series E round. In total, JumpCloud has raised $350 million since it began operations in 2012.