Four months after launching, JumpCloud scores $3 million in funding

by Nenad Tadic
January 28, 2014

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In September, Boulder-based JumpCloud launched at TechCrunch Disrupt San Francisco. Since then, the company has added hundreds of organizations to its user base. Last week, the startup announced a $3 million in Series A round funding from Foundry Group and Bullet Time Ventures.

 

JumpCloud automates server management tasks from the cloud for DevOps and IT pros. As more servers are being used and the tech workforce continues rapid growth, outdated processes can spell out trouble. That’s where JumpCloud comes in.

 

Cloud servers like Amazon Web Services (AWS) are vulnerable because of their outdated processes. If crashes or attacks occur, it’s impossible to scour through all the log files and find out what went wrong and where. JumpCloud’s service offers performance checks and seeks to automate these processes and present to the user critical issues.

 

With the added funds—which now puts JumpCloud’s total funding at $4.27 million—the company plans to expand its team on the development and sales sides, deepen its product and expand its cloud-based infrastructure, CEO and co-founder Rajat Bhargava said. To accommodate these plans, JumpCloud moved its headquarters in December to a larger space on 14th Street in Boulder. The company plans to host monthly meetups there for the community to get involved and learn about the AWS infrastructure.

 

Bhargava, an eight-time serial entrepreneur who only recently took the helm, said the team has always been interested in things like security and user management where time consuming and tedious: “We felt that if we could automate them that it would allow DevOps and IT pros to spend more time focusing on innovation rather than maintenance.”

 

Foundry Group has backed several of Bhargava’s past projects, like Yesware, an email productivity service. Bhargava said he is very fortunate to have an incredible group of venture capitalists supporting JumpCloud. “They are great investors and even better people. Our team is thrilled to be working with them.”

 

While the company is currently working on a number of “pieces of functionality,” they are not formally ready to announce them just yet.

 


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