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 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.