HyTrust, a Mountain View, Calif.-based provider of policy management and access control for virtual infrastructure, has raised $10.5 million in Series B funding. Cisco Systems and Granite Ventures were joined by return backers Trident Capital and Epic Ventures. It’s the first investment of Cisco in virtualization security and management.
HyTrust, Inc., the leader in policy management and access control for virtual infrastructure, announced today that it has secured $10.5 million in Series B financing. New investors Granite Ventures and Cisco Systems participated in the round of financing, as did existing investors Trident Capital and Epic Ventures. Len Rand, partner at Granite Ventures, will take a seat on the HyTrust Board of Directors. HyTrust will use the capital to drive development, sales and marketing, and fuel the company’s next stage of growth.
Thanks to its numerous benefits and proven return on investment, virtualization has taken the IT world by storm. However, IT organizations in industries such as banking, retail, government and healthcare are appropriately reluctant to virtualize systems that handle critical sensitive data and are subject to compliance. HyTrust changes the game, enabling them to maximize their return on investment and broadly adopt virtualization, with assurance that controls are firmly in place. By enabling a single point of control over the entire virtual infrastructure, HyTrust empowers customers to confidently virtualize additional servers—even those subject to compliance—by delivering enterprise-class controls for access, accountability, visibility and configuration.
“HyTrust delivers a new paradigm in security and compliance for the virtualization platform, which is why we chose to add the company to our portfolio,” said Rand. “HyTrust set out to solve a real and growing problem faced by a lot of enterprises. By doing so, it paves the way for organizations to virtualize more of their infrastructure with full visibility and control.”
“HyTrust continues to demonstrate the importance of this emerging market,” said Eric Chiu, president and CEO of HyTrust. “Our ability to raise such a significant round of funding and attract top-tier, strategic investors in a still precarious economy is a testament to the quality of our team, the strength our offering, and the gravity of the problem that it addresses for our customers. The continued support of our customers, partners and investors is critical to our success as we continue to transform the virtualization marketplace and capitalize on the opportunities ahead of us.”
“We are excited to welcome Cisco not only as a HyTrust partner but now also as a strategic investor,” added Chiu. “It’s great validation for HyTrust when the worldwide leader in networking places its confidence, via financial backing, in our approach to policy management and access control for virtual infrastructure. We look forward to deepening our relationship with the Server Access & Virtualization business unit at Cisco, tightening our existing integration with Cisco Nexus 1000v and Unified Computing System products, and working closely with Cisco’s Security business unit to address the needs of our joint customers. We feel strongly that policy management is key to enabling the ‘next generation data center’ and we couldn’t be more excited to have gained the backing of the company that coined the phrase.”
About HyTrust (www.hytrust.com)
HyTrust™ delivers Virtualization Under Control™. Headquartered in Mountain View, California, HyTrust is the leader in policy management and access control for virtual infrastructure. HyTrust Appliance empowers organizations to virtualize more–including servers that may be subject to compliance–by delivering enterprise-class controls for access and accountability, and visibility over the entire virtualization infrastructure. The Company is backed by top tier investors Granite Ventures, Cisco Systems, Trident Capital and Epic Ventures; its partners also include VMware, Symantec (Nasdaq: SYMC), Citrix (Nasdaq: CTXS) and RSA (NYSE: EMC).