Posted May 10, 2021
JupiterOne, a cybersecurity management automation startup, today closed a $30 million series B round led by Sapphire Ventures. Cofounder and CEO Erkang Zheng says the capital will be used to grow JupiterOne’s engineering, product development, and go-to-market capabilities, including building out its remote workforce and extending the reach of partnership and integration teams.
Cybersecurity asset management, or the process of creating and continually updating an inventory of IT resources, can be a resource drain. According to a 2019 Deloitte survey, executives spend 13% of their time addressing cyber monitoring and operation challenges. Despite this, relatively few businesses are proactive about asset management, perhaps owing to logistical challenges. Gartner estimates that only 35% of companies are designing, documenting, and regularly testing assets using inventory tools and software.
JupiterOne claims to make security teams more efficient by centralizing the data from dozens of cloud services into a single hub for management, analysis, and alerts. Via the platform’s integrations and API, it automatically pulls in read-only data to generate a real-time inventory of resources and assets, including code, repositories, and endpoints. A one-word search across the inventory returns detailed information like account access, devices in use, resources, and even user-made changes to code repositories.
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