HyTrust Raises $36 Million In Series E Funding Led by Advance Venture Partners

Press release published by: https://www.hytrust.com

Source URL: https://www.hytrust.com/news-item/cloud-security-leader-hytrust-raises-36-million-series-e-funding-led-advance-venture-partners/

HyTrust, Inc., a leading workload security provider, today announced that it has closed $36 million in new funding led by Advance Venture Partners (AVP) with participation from existing venture capital firms and strategic investors. The company will use this latest round of investment to expand its sales and marketing efforts, and to fund new product development. The company will also utilize a portion of the proceeds to fund the acquisition of DataGravity (http://bit.ly/2v68Y2y), which was also announced today.

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The funding comes at a time when the threat level to enterprise IT remains at very high levels, with daily media accounts of large breaches and attacks and when large enterprises and government organizations are pursuing data-center transformation projects that embrace both private and public cloud infrastructure, posing challenges for existing security approaches.

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Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com

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