HyTrust – Early entrant in cloud-based services

HyTrust is an American company specializing in security, compliance and control software for virtualization of information technology infrastructure.

$35 million raised in three rounds

HyTrust was founded in 2009, partnered by VMware, Symantec, Cisco Systems, and Citrix Systems, and backed by $5.5 million funding from Trident Capital and Epic Ventures. A further $10.5 million funding was raised from Granite Ventures and Cisco Systems in 2010. In summer 2013, the company raised $18.5 million in an oversubscribed C round with investments from Intel Capital, In-Q-Tel, Carahsoft, Fortinet, and previous investors.

The company’s products

HyTrust’s products are based on the company’s patented intelligent security control system for virtualized ecosystems. The company also provides private cloud, logging, active directory, root access, two-factor authentication, VI segmentation, host hardening, multi-tenant policy enforcement, secondary approval services, encryption, and key management, and advises organizations on how to manage their virtualized and cloud computing environments.

Timing market entry

My question on this company lies on how important is the time to enter the market, as HyTrust was a pioneer that might not have had any growth in today’s cloud market. Moreover, we can see that HyTrust managed to get a leadership position in the cloud security market, being the second largest player as of now.

Click here to go to the press release

Other source: https://www.reuters.com/brandfeatures/venture-capital/article?id=56504

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