JumpCloud secures credit line with Comerica

BOULDER — JumpCloud Inc., a Directory-as-a-Service platform, has entered into a $10 million credit facility with Comerica Bank. The credit facility availability follows a $20 million Series C funding the company closed less than a year ago with OpenView Partners and Foundry Group, giving JumpCloud access to additional capital to grow.

JumpCloud is experiencing rapid growth scaling its Directory-as-a-Service platform, the company said in its announcement. In 2018, JumpCloud expects to nearly triple its employee count and further add an additional 50 engineers.

“JumpCloud is excited to partner with Comerica to…