HyTrust Inc., a Mountain View, CA-based cloud security automation company, secured $33m in funding.
The round included $25M in venture capital and $8m in debt and credit facilities from City National Bank.
Backers in the venture round included AITV (Accelerate-IT Ventures), Vanedge Capital, existing investors Epic Ventures, Granite Ventures and Trident Capital and strategic investors Cisco, Fortinet, Intel and VMware. In conjunction with the funding, Brian Nugent, founding principal and general partner at AITV, joined HyTrust’s board. AITV co-founder and general partner, Bill Malloy III, and Moe Kermani, a partner with Vanedge Capital, will join as board observers.
The company intends to use the funds to increase marketing, sales and product development initiatives, as well as to expand into international markets.
Led by John De Santis, Chairman and CEO, HyTrust provides a cloud security automation platform to secure datacenters by automating data protection and continuously enforcing security policies for the people and tools that operate private, hybrid and public clouds.
FinSMEs
01/04/2015