HyTrust, a US-based cloud security company, has received a $25m series D round from networking company Cisco, network security company Fortinet, hardware and software company Intel and cloud and virtualisation company VMWare, all US-based.
The investment came in HyTrust’s series D round that also saw participation from US-based venture capital companies Trident Capital, Granite Ventures, Epic Ventures and AITV. Canada-based venture capital company Vanedge Capital also took part.
In parallel with this funding, HyTrust has gained up to $8m in debt financing from US-based City National Bank.
Previously the company raised $5.5m in its April 2009 series A round from Trident and Epic, $10.5m in its February 2010 series B round from Cisco, Granite, Trident, and Epic, and $15.5m in its August 2013 series C from VMware, Cisco, Intel, Trident, Granite, Epic and In-Q-Tel, the investment arm of the US security agencies.
HyTrust provides its customers with compliance solutions for cloud-based systems to allow them to meet regulatory demands. It also provides encryption and security tools.
The investment will be used by HyTrust to increase its marketing, sales and product development as well as expanding into international markets.
John De Santis, chairman and chief executive of HyTrust, said: “At a time when massive data breaches are so frequent, sophisticated and devastating, data centre security has become a top priority in every corporation. Our goal at HyTrust is to make security automated and policy-based to address the needs of private and hybrid cloud data centres, as well as provide complete visibility into what is happening in cloud environments.”