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.