AAA HyTrust hits series E with $36m

HyTrust hits series E with $36m

US-based cybersecurity technology producer HyTrust closed a $36m series E round on Tuesday led by Advance Venture Partners, the investment arm of media conglomerate Advance Publications.

The round included networking equipment manufacturer Cisco, semiconductor producer Intel, network security provider Fortinet and virtualisation software developer VMWare as well as venture capital firms Sway Ventures, Epic Ventures, Vanedge Capital and Trident Capital.

HyTrust has built a set of tools that provide real-time, automated security across private, public and hybrid cloud infrastructure. The technology makes it possible for users to easily enforce regulatory compliance.

Part of the funding will go toward the acquisition of data security company DataGravity, which was announced separately on Tuesday, though financial details of the deal have not been disclosed. It will also support product development and increased sales and marketing activities.

Cisco had first backed HyTrust in 2010 as part of a $10.5m series B round that featured Granite, Trident and Epic, the latter two of which had provided $5.5m of series A funding for the company in 2009.

HyTrust then raised $18.5m in a 2013 series C round that included Cisco, VMWare, Intel Capital, Granite Ventures, Trident Capital, Epic Ventures and In-Q-Tel, the investment arm of the US intelligence community.

Cisco, Fortinet and VMWare returned for a $25m series D round in 2015, investing alongside Trident Capital, Granite Ventures, Epic Ventures, AITV and Vanedge Capital.

 

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