HyTrust, a US-based cloud security platform which provides automated security and compliance enforcement for virtual infrastructures, has extended its oversubscribed series C financing by $6m to $18.5m, with financing from new investors Intel Capital, the corporate venturing arm of microprocessor maker Intel, and Fortinet, a US-based company which manufactures firewalls and network security appliances. The extra investment follows HyTrust’s announcement in July that it had received $12.5m from new investors VMWare, a US software company, and In-Q-Tel (IQT), the technology accelerator of the US government’s Central Intelligence Agency (CIA).
Previous investors have also invested in the round, namely US network systems company Cisco Systems, and venture capital firms Granite Ventures, Trident Capital and Epic Ventures.
HyTrust has now raised total funding of approximately $34m.
The new funding will be used to support the growth, particularly in sales and marketing, to enable continued development on the cloud security platform, and to develop technological innovations in areas such as role-based monitoring.
Arvind Sodhani, president of Intel Capital, said: “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. 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.”
Michael Xie, founder Fortinet, said: “Next-generation data centers will be virtualized, dynamic and multi-tenant. With that, security and compliance has to be automated and policy-based to enable this software-defined data center model. HyTrust is at the very core of this movement by enabling policy enforcement and visibility for multi-tenant cloud environments. This is a great complement to Fortinet’s leading network security products to enable end-to-end security for virtualized data center environments.”
Eric Chiu, president and founder of HyTrust, said: “Averting a datacenter disaster is top-of-mind for every chief information and security officer, and HyTrust provides complete visibility into what’s happening in cloud environments, with advancements that enable customers to identify and stop breaches before damage is done.”