Tuesday, July 11, 2017

HyTrust Raises $36M, Acquires DataGravity

Mountain View-based HyTrust, a developer of cloud security tools, said this morning that it has raised $36M in funding, and acquired DataGravity. The Series E funding was led by Advance Venture Partners (AVP), and also included prior investors Sway Ventures, Epic Ventures, Vanedge Capital and Trident Capital, along with Cisco, Fortinet, Intel Corp. and VMware. Financial details of the acquisition of DataGravity were not announced by the company; the two said members of DataGravity's team will join HyTrust as a result of the deal. The remaining funds in the round will go towards sales and marketing efforts, and to fund new product development. John De Santis is Chairman and CEO of HyTrust. More information »