Monday, August 26, 2013

HyTrust Raises $18.5 Million for Cloud Security Automation (CSA)

HyTrust, a start-up based in Mountain View, California, raised $18.5 million in Series C funding for its Cloud Security Automation (CSA).

HyTrust said its sales are on target to quadruple in 2013. The company’s cloud security platform delivers security, control, visibility, management and compliance to virtualized environments.

The funding came from new investors Intel Capital and Fortinet, as well as recent investors VMware and In-Q-Tel. Previous investors Granite Ventures, Cisco, Trident Capital and Epic Ventures also participated in this round.

“Averting a datacenter disaster is top-of-mind for every chief information and security officer, and HyTrust provides complete visibility into what’s happening in cloud environments, with advancements that enable customers to identify and stop breaches before damage is done,” said Eric Chiu, President and Founder of HyTrust. “In the current environment, following widely publicized incidents like the NSA and Shionogi breaches, organizations are far more aware of the dangers of not having real-time visibility into datacenter operations, or the assurance that policies are automated, applied correctly and enforced. They need to know that potential threats can be contained—it’s the only way to maintain brand reputation, protect revenues and mitigate financial risk.”

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