Boulder’s JumpCloud Raises $3.1M to Make DevOps Server Tools
JumpCloud, a Boulder, CO-based startup that is developing server management tools for software development and IT teams, has closed a $3.1 million Series A round, according to paperwork the company has filed with the SEC.
JumpCloud, which was formerly known as SafeInstance, launched publicly in September and is developing cloud-based software that allows users to automatically manage servers and control user access, install patches, monitor security, and handle compliance tasks.
CEO Rajat Bhargava said the money will be used primarily to expand the development and sales teams.
“We’re going to add to our headcount, deepen the product, add infrastructure, and just keep growing,” Bhargava said.
The investors in the round were the Foundry Group and David Cohen’s Bullet Time Ventures, he said. Both are based in Boulder.
Bhargava said in prior interviews that JumpCloud plans to grow fast this year to take advantage of a market opening and the rising “DevOps” trend, in which companies integrate software development with infrastructure operations so that software is delivered and deployed faster. See this Xconomy story for more about JumpCloud’s plans and DevOps.
The company already had raised a $1.2 million round in 2012, according to the SEC.