Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


09:10 PM
Dark Reading
Dark Reading
Products and Releases

HyTrust Raises $18.5 Million In Series C financing

Funding from new investors Intel Capital, Fortinet, VMware, and In-Q-Tel, with participation by existing investors Granite Ventures, Cisco, Trident Capital, and Epic Ventures

Mountain View, CA – August 26, 2013 – HyTrust Inc., the Cloud Security Automation Company, today announced Series C oversubscribed financing in the amount of $18.5 million 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. The new funding will support the company's rapid growth and operations, particularly in the areas of sales and marketing, and enable continued development on the cloud security platform as well as innovations in important technological areas such as Role-Based Monitoring (RBM).

Jeff Byrne, Senior Analyst at Taneja Group, commented: "Next-generation datacenters need next-generation security. As organizations seek to avoid security breaches, meet new requirements (such as the NSA's two-man rule to restrict access to sensitive information) and address audit and risk, they'll look toward more effective solutions, including role-based monitoring and alerting capabilities, to more quickly and accurately detect and block threats," he explained. "The new, dynamic datacenter will be automated and policy-based. HyTrust's focus on security and control, combined with growing awareness about these issues, will likely propel the company's growth in 2013 and beyond."

HyTrust's Series C financing round follows a year of rapid growth and momentum, with worldwide sales on target to quadruple in 2013 alone. The company's award-winning cloud security platform continues to deliver security, control, visibility, management and compliance to virtualized environments, serving corporations in a wide range of industries. It is also the most scalable multi-tenant solution and the only platform capable of independently integrating broadly with other best-in-class virtualization or cloud platforms.

"As computing and data center operations increasingly become virtualized and hosted in cloud environments, organizations need to approach threat prevention differently to protect corporate assets and reduce attack vectors," said Arvind Sodhani, President of Intel Capital and Intel Executive Vice President. "The HyTrust security solution addresses control and integration challenges, removing key barriers to cloud adoption. This investment along with the Intel Corporation engagement will help the company deliver a hardware assisted trusted security solution for the datacenter."

Fortinet provides best-of-breed network security for enterprises and service providers. More and more, these systems are running within virtualized data center environments. Fortinet's protection of virtual machines complements HyTrust's protection of the virtual infrastructure – together there are great development opportunities to automate and orchestrate security across the entire virtualized data center.

Michael Xie, Founder and CTO of Fortinet, said: "Next-generation data centers will be virtualized, dynamic and multi-tenant. With that, security and compliance has to be automated and policy-based to enable this software-defined data center model. HyTrust is at the very core of this movement by enabling policy enforcement and visibility for multi-tenant cloud environments. This is a great complement to Fortinet's leading network security products to enable end-to-end security for virtualized data center environments."

"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."

HyTrust investors are among the most significant companies in datacenter hardware and software, and are among the most important members of the company's diverse partner ecosystem, which consists of key players in virtualization, security, systems management, logging, risk and compliance, among others.

About HyTrust (www.hytrust.com)

Cloud Under Control&trade

Headquartered in Mountain View, CA, HyTrust® is the Cloud Security Automation (CSA) company. HyTrust delivers the essential real-time control, security, administrative account monitoring, logging and compliance assurance necessary to enable the benefits of cloud adoption and virtualization of critical workloads. The Company is backed by top tier investors VMware, Cisco, Intel Corporation, In-Q-Tel, Fortinet, Granite Ventures, Trident Capital, and Epic Ventures; its partners include VMware, VCE, Symantec, CA, McAfee, Splunk; HP Arcsight, Accuvant, RSA and Intel Corporation.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Manchester United Suffers Cyberattack
Dark Reading Staff 11/23/2020
As 'Anywhere Work' Evolves, Security Will Be Key Challenge
Robert Lemos, Contributing Writer,  11/23/2020
Cloud Security Startup Lightspin Emerges From Stealth
Kelly Sheridan, Staff Editor, Dark Reading,  11/24/2020
Register for Dark Reading Newsletters
White Papers
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2020-11-28
In Eclipse Jetty version 9.4.0.RC0 to 9.4.34.v20201102, 10.0.0.alpha0 to 10.0.0.beta2, and 11.0.0.alpha0 to 11.0.0.beta2, if GZIP request body inflation is enabled and requests from different clients are multiplexed onto a single connection, and if an attacker can send a request with a body that is ...
PUBLISHED: 2020-11-27
blosc2.c in Blosc C-Blosc2 through 2.0.0.beta.5 has a heap-based buffer overflow when there is a lack of space to write compressed data.
PUBLISHED: 2020-11-27
npm package systeminformation before version 4.30.5 is vulnerable to Prototype Pollution leading to Command Injection. The issue was fixed with a rewrite of shell sanitations to avoid prototyper pollution problems. The issue is fixed in version 4.30.5. If you cannot upgrade, be sure to check or sani...
PUBLISHED: 2020-11-27
In Crafter CMS Crafter Studio 3.0.1 an unauthenticated attacker is able to inject malicious JavaScript code resulting in a stored/blind XSS in the admin panel.
PUBLISHED: 2020-11-27
In Crafter CMS Crafter Studio 3.0.1 an unauthenticated attacker is able to create a site with specially crafted XML that allows the retrieval of OS files out-of-band.