Cloud security automation provider HyTrust announced on Monday it has raised a $18.5 million Series C oversubscribed financing round 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 funding round follows a handful of recent financing and investment rounds in the cloud computing market, including Cloud Technology Partners’s $5 million Series B round, Clustrix’s $10 million funding round, CloudPhysics’ $10 million Series B funding, and DigitalOcean’s $3.2 million seed round.
The new funding will support HyTrust’s rapid growth and operations, with a focus in the areas of sales and marketing.
The funding will also help to enable continued development of HyTrust’s cloud security platform as well as innovations in technological areas such as role-based monitoring.
HyTrust’s Series C financing round follows the company’s year of rapid growth and momentum, with its worldwide sales set to quadruple in 2013 alone.
The company offers a scalable, multi-tenant, cloud security platform that delivers security, control, visibility, management and compliance.
The platform is the only solution capable of independently integrating broadly with other best-in-class virtualization or cloud platforms.
“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.