HyTrust Secures $33 Million to Expand Cloud Security Business

HyTrust, a provider of policy management and access control solutions for virtual and cloud environments, today announced that it has secured $ 33 million in new funding, including $ 8 million in venture debt and credit facilities.

According to the company, the new cash will be used to boost marketing, sales and product development initiatives, as well as expansion into international markets.  

HyTrust’s solutions enable the adoption of next-generation architectures through policy-based controls, visibility and data security, which helps enterprises more easily meet compliance mandates, improve application uptime, and securely take advantage of cloud-based capabilities.

The new investment is being led by AITV (Accelerate-IT Ventures). New investor Vanedge Capital also participated in the funding, while existing venture investors—Epic Ventures, Granite Ventures and Trident Capital—and strategic investors Cisco, Fortinet, Intel Corp. and VMware, also participated.

In addition to being backed by several venture firms and enterprise technology companies, HyTrust entered into a strategic investment and technology development agreement with In-Q-Tel (IQT), the not-for-profit venture capital arm of the CIA, back in July 2013.

Along with the $ 25 million equity investment from the syndicate, HyTrust expanded its relationship with banking partner City National Bank to fund up to $ 8 million in venture debt and credit facilities.  

“HyTrust is perfectly positioned to meet the needs of a market in which so many organizations are building on cloud-based technologies to increase agility for their business,” said Brian Nugent, founding principal and general partner at AITV.  

Brian Nugent will join HyTrust’s board of directors, while AITV co-founder and general partner, Bill Malloy III, and Moe Kermani, a partner with Vanedge Capital, will join as board observers, the company said.  

“Our goal at HyTrust is to make security automated and policy-based to address the needs of private and hybrid cloud data centers, as well as provide complete visibility into what is happening in cloud environments,” said John De Santis, Chairman and CEO of HyTrust.

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