T-Venture exits Lantiq

By Luisa Beltran — 6 months ago

T-Venture, the venture capital company at Deutsche Telekom, has sold its stake in Lantiq. Financial terms were not announced. In February, Intel said it agreed to buy Lantiq, Reuters News reported. Munich-based Lantiq is a chip manufacturer.


Cloud security automation company HyTrust picks up $33 mln

By Iris Dorbian — 8 months ago

Mountain View, California-based cloud security automation company HyTrust Inc has raised $33 million in funding. Accelerate-IT Ventures led the round with participation from other investors that included Vanedge Capital, Epic Ventures, Granite Ventures, Trident Capital, Cisco, Fortinet, Intel Corp and VMware. In addition to the funding, HyTrust has added Brian Nugent, a general partner at AITV, to its board of directors while AITV co-founder and General Partner Bill Malloy III, and Moe Kermani, a partner at Vanedge Capital, have been named as board observers.