Identity management specialist JumpCloud unveils venture unit

dentity verification software provider JumpCloud has announced the formation of a corporate venture capital subsidiary called JumpCloud Ventures and revealed its debut investment.

The US-based company has developed unified open directory software that enables businesses to securely manage identities, devices and access across their organisation. It has raised over $400m of venture funding and its backers include the CVC arms of Atlassian, CrowdStrike and NTT Docomo.

JumpCloud Ventures will invest in early-stage developers of identity, security, AI, and IT productivity tools, offering them access to JumpCloud’s internal experience, insights and network.

“(JumpCloud cofounder and CTO) Greg Keller and I have spent much of our careers building companies from the ground up,” JumpCloud CEO Rajat Bhargava said in a release launching the fund.)

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