HyTrust Inc., the Cloud Security Automation Company, announced Series C oversubscribed financing in the amount of $18.5 million from new investors Intel Capital and Fortinet as well as recent investors VMware and In-Q-Tel. Previous investors Granite Ventures, Cisco, Trident Capital and Epic Ventures also participated in this round. The new funding will support the company’s rapid growth and operations, particularly in the areas of sales and marketing, and enable continued development on the cloud security platform as well as innovations in important technological areas such as Role-Based Monitoring (RBM).
Jeff Byrne, Senior Analyst at Taneja Group, commented: “Next-generation datacenters need next-generation security. As organizations seek to avoid security breaches, meet new requirements (such as the NSA’s two-man rule to restrict access to sensitive information) and address audit and risk, they’ll look toward more effective solutions, including role-based monitoring and alerting capabilities, to more quickly and accurately detect and block threats,” he explained. “The new, dynamic datacenter will be automated and policy-based. HyTrust’s focus on security and control, combined with growing awareness about these issues, will likely propel the company’s growth in 2013 and beyond.”
HyTrust’s Series C financing round follows a year of rapid growth and momentum, with worldwide sales on target to quadruple in 2013 alone. The company’s award-winning cloud security platform continues to deliver security, control, visibility, management and compliance to virtualized environments, serving corporations in a wide range of industries.
It is also the most scalable multi-tenant solution and the only platform capable of independently integrating broadly with other best-in-class virtualization or cloud platforms.
“As computing and data center operations increasingly become virtualized and hosted in cloud environments, organizations need to approach threat prevention differently to protect corporate assets and reduce attack vectors,” said Arvind Sodhani, President of Intel Capital and Intel Executive Vice President. “The HyTrust security solution addresses control and integration challenges, removing key barriers to cloud adoption. This investment along with the Intel Corporation engagement will help the company deliver a hardware assisted trusted security solution for the datacenter.”