Index Ventures leads $30 mln funding in Skyport Systems

Index Ventures has led a $30 million Series B funding round in Skyport Systems Inc, a cyber security company. Other participants in the funding include Intel Capital and existing investor Sutter Hill Ventures. Skyport has raised a total of $37 million to date.

Press Release

Skyport Systems, Inc., the developer of Hyper-Secured Infrastructure that ensures the security of mission-critical IT and corporate assets, announced today that it has closed a $30M Series B funding round led by Index Ventures, with participation from Intel Capital and existing investor Sutter Hill Ventures. The Series B round brings total Skyport funding to $37M.

“In today’s age of mobile devices and cloud computing, modern enterprise companies need to fundamentally rethink their approach to protecting their security perimeters,” said Mike Volpi, general partner at Index Ventures, who joins the Skyport board of directors. “Stefan and his team at Skyport are building cutting-edge solutions to secure and protect critical services and we’re excited to team up with them as they expand their work at the intersection of the billion-dollar compute and security pillars within IT.”

“We firmly believe in the value of extending security practices in the enterprise,” said Jason Waxman, vice president and general manager, Cloud Platforms Group at Intel. “Our collaboration with Skyport will help to further enhance the trust companies can have in their IT infrastructure using Intel® TXT technology.”

The sophistication and effectiveness of recent security breaches, the prevalence of insider-enabled intrusions and the consolidation of IT control points driven by cloud and virtualization technologies have drastically changed requirements for critical asset security. Skyport Systems’ approach tightly integrates compute, security, virtualization and policy management.

The Skyport leadership team includes some of the world’s leading experts in virtualization, cryptography, systems engineering and networking, with veterans of Cisco, Juniper Networks and Arista Networks.

“Network security models today have been compromised, due to reliance on perimeter security and static network policies that fail to address the current threat landscape,” said Stefan Dyckerhoff, CEO of Skyport Systems and managing director at Sutter Hill Ventures. “Skyport will use this funding to deliver a fundamentally new approach and solution to protecting business’ most mission-critical IT control infrastructure and applications.”

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About Skyport Systems

Skyport Systems develops Hyper-Secured Infrastructure that ensures the security of mission-critical IT and corporate assets, with tight integration of compute, security, virtualization and policy management. For more information: www.skyportsystems.com.

About Index Ventures

Index Ventures is a multi-stage international venture capital firm that backs exceptional entrepreneurs in 38 countries. These leaders are building truly transformative companies that are reshaping the world around us, including: Dropbox, Etsy, Sonos, SoundCloud, Flipboard, King, BlaBlaCar, Squarespace, Lookout, Hortonworks, Pure Storage, Supercell, Funding Circle and many others. More at www.indexventures.com.

About Intel Capital

Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US $11.4 billion in over 1,400 companies in 57 countries. In that timeframe, 211 portfolio companies have gone public on various exchanges around the world, and 366 were acquired or participated in a merger. In 2014, Intel Capital invested $359 million in 125 investments, including 59 new deals. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.