JumpCloud raises $159M, declares unicorn status

LOUISVILLE — On the heels of a $100 million funding round early this year, JumpCloud Inc., a directory-as-a-service technology platform, has raised an additional $159 million in a Series F round and is now valued at $2.56 billion.

That valuation — more than triple its previous valuation — makes JumpCloud the region’s latest unicorn, a term applied to startups that reach a value of more than $1 billion. 

Part of the company’s recent success can be traced to the evolving IT landscape during the COVID-19 pandemic and subsequent increase in working from home. 

JumpCloud’s technology securely connects and manages employees, their devices…