JumpCloud® is pleased to announce that it has partnered with General Atlantic (GA) on its most recent round of financing. Existing investors Foundry Group and OpenView Partners joined in the round. General Atlantic is a leading growth equity investor with investments in Uber, Airbnb, Slack, Snapchat, and hundreds of other transformational companies.
JumpCloud plans to leverage this significant capital infusion of $50m to add over 200 team members over the next two years including the expansion of engineering, sales, and marketing. We believe that these investments will continue to drive innovative new functionality for our customers and MSP partners. As our business continues to expand globally, we also plan on investing in establishing a physical presence in strategic areas around the globe in order to provide a deeper level of support for our customers in those regions.
This significant round of financing from one of the premier investors in the world would not be possible without the support of our customers, partners, fellow JumpCloudians, and investors. We thank you for trusting us to serve you and look forward to continuing to grow with each of you.