HyperGrid, a San Jose, CA-based Hybrid Cloud Management (HCM) company, closed a $25M Series C round of funding.
The round was co-led by new investor HighBar Partners and current investor Atlantic Bridge Capital, with participation from current investors Acero Capital.
The company intends to use the funds to:
– drive product development,
– expand the global reach for its flagship cloud management solution, HyperCloudTM, and
– support its base of enterprise and managed service provider customers.
Led by Nariman Teymourian, Chairman of the Board and Chief Executive Officer, and Manoj Nair, co-founder and Chief Product Officer, HyperGrid provides an intelligent hybrid cloud management solution which takes a software-defined cloud approach, centralizing control and proactively managing all private and public clouds from within a single solution, allowing enterprise IT teams and MSPs to become instant cloud experts and improve business agility.
Organizations can accelerate their cloud journey by simplifying and automating cloud planning, optimization, security and management at scale.
HyperCloud is available as a SaaS offering or can be deployed as software on any cloud or on-premises environment. Since its launch in February 2018, over 100 customers have adopted its SaaS solution.