Bracket Computing, a Silicon Valley startup whose technology adds security and policy controls across multiple heterogeneous clouds, has closed a $45 million Series C investment round.
Bracket Computing was founded in 2011 and serves some of the world’s largest enterprise IT organizations from its headquarters in Mountain View, Calif.
Its core technology, the “Bracket Computing Cell” allows enterprises to securely run workloads across multiple cloud environments with a single set of advanced security, storage and networking controls. The technology involves a micro virtualization “Metavisor” that sits between the guest OS or container runtime and the cloud provider’s hypervisor. This allows Bracket to insert infrastructure services to gain granular controls without modifying applications or the guest OS.
This essentially allows applications and data to reside in a single software construct with consistent controls while running across multiple public cloud providers and an enterprise’s on-premise data center.
Bracket’s unique encryption technology also creates a secure fabric that effectively extends an enterprise customer’s root of trust across multiple hyperscale clouds, forming a new network perimeter. This has allowed large enterprises to deploy mission critical IT applications like CRM systems on the public cloud.
According to Bracket Computing’s Wednesday funding announcement, its new capital will be used to further develop its Computing Cell technology and to finance the technology’s global rollout. The new funding brings total investment in Bracket to more than $130M after Bracket Computing raised $85 million in funding last year.
New investors in the latest funding round include Fidelity Management and Research Company and Goldman Sachs. Bracket’s previous investors included Allegis Capital, Andreessen Horowitz, ARTIS Ventures, Columbus Nova Technology Partners, Norwest Venture Partners, and Sutter Hill Ventures, plus strategic investors GE and Qualcomm.