The cloud security company HyTrust raised $36 million in Series E funding led by Advance Venture Partners with participation from existing venture investors Sway Ventures, Epic Ventures, Vanedge Capital and Trident Capital, and strategic investors Cisco, Fortinet, Intel, and VMware.
The company will use a portion of the proceeds to help fund the acquisition of DataGravity, which it also announced today. DataGravity, based in Nashua, New Hampshire, created a virtual appliance — DataGravity for Virtualization — that can identify and classify data and tag workloads to ensure security policy enforcement for data access, encryption, and key management.
HyTrust says DataGravity’s technology will enhance its platform that provides security for workloads as they move across hybrid clouds.
DataGravity had raised $92 million from investors including Andreessen-Horowitz, Accel Partners, CRV, and General Partners. Terms of its purchase by HyTrust were not disclosed. Members of the DataGravity team will be joining HyTrust, which is based in Mountain View, California.
This E Round brings HyTrust’s total funding to $95.5 million. Plus, the company has brought in an additional $13 million in debt financing.
HyTrust will use some of its $36 million in E funding to expand its sales and marketing efforts and for new product development and acquisitions.
HyTrust provides security, automated compliance, and policy enforcement for cloud infrastructure. It gives IT departments a single management console to manage cloud workload security, regardless of where the workload runs — physical machines, virtual machines (VMs), containers, private cloud infrastructure, public cloud infrastructure as a service.
In April the company rolled out a new datacenter product, called FlexPod, to help federal agencies to comply with a federal cloud security mandate. The FlexPod converged infrastructure platform is built on technology from NetApp and Cisco and integrates workload security software from HyTrust.
HyTrust says it’s cloud security is used by Mastercard and Visa, and it has been selected by three top banks to secure their workloads.