The secure identity and access management market continues to hum along, as JumpCloud closed its Series E funding round with $100 million, including an additional $25 million since November from investors BlackRock, H.I.G., Growth Partners, OurCrowd and others.
Coronavirus led to what you might call a global business restructuring, with many offices and domain-based IT networks becoming obsolete and few companies touting solutions that were up to the task of processing secure log-in services for the abruptly remote workforce. That resulted in a wave of startups offering secure remote access platforms and solutions to help businesses address the security challenge.
JumpCloud CEO Rajat Bhargava told SC Media that while new competitors have popped up left and right over the past few years, particularly with the pandemic, the market for safe and secure log-in services has been steadily growing for the past decade.
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