JumpCloud secures $159M funding round to secure enterprise Macs

The cloud directory service JumpCloud has raised $159 million and a $2.56 billion valuation in a new funding round, assisted in part by an expansion of its Mac device management services.JumpCloud is a directory service that operates in the cloud, providing enterprise firms with the ability to manage devices and users with a single sign-on (SSO) system. On Monday, it announced more cash has been raised by the company.A series F funding round led by Sapphire Ventures and accompanied by Owl Rock, Whale Rock Capital, Sands Capital, and Endeavor Catalyst raised $159 million in investments in total. The funding follows after a January 2021 series E round, that raised $100 million, with the overall valuation of the company now at $2.56 billion. Read more...