HyTrust Inc. has raised $18.5 million from returning and new investors in a Series C oversubscribed funding round meant to help further support the company’s growth and operation strategies.
Intel Capital and Fortinet, along with previous investors VMware, In-Q-Tel, Granite Ventures, Cisco Systems, Trident Capital and Epic Ventures, joined the financing round, HyTrust said Monday.
The cloud security company intends for the funding to expand its sales and marketing operations, further build cloud security platforms and develop role-based monitoring technology.
Eric Chiu, president and founder of HyTrust, said the company’s security platform intended to help chief information and security officers view the status of their cloud environments and prevent cyber attacks.
HyTrust provides virtualized environment security, control, visibility, management and compliance services to various industries.
Arvind Sodhani, president of Intel Capital and Intel executive vice president, said the HyTrust security portfolio enables organizations to address control and integration requirements in order to adopt cloud platforms.