Congratulations to the HyTrust team for completing the acquisition of Data Gravity and their Series E of investment. Trident Capital is proud to be founding and lead investor in HyTrust.
Given HyTrust’s focus on workloads and DataGravity’s focus on data, the two products should turn out to be pretty complementary. “The acquisition will accelerate the expansion of HyTrust’s platform capabilities and capitalize on the high-growth cloud security market,” writes Eric Chiu, HyTrust’s co-founder and president, in today’s announcement. “DataGravity’s data discovery and classification capabilities support HyTrust’s mission to deliver a security policy framework that provides customers with full visibility, insight and enforcement of policy across workloads. We couldn’t be more excited.”
Word spread late last week that data visibility and security startup DataGravity had been acquired. At the time, though, it was unclear by whom. Now we know. It was HyTrust, a company that specializes in securing workloads that run in private and public clouds. The details of the deal were not disclosed, but over the course of its startup life, DataGravity had raised $92 million from the likes of Accel Partners, Andreessen Horowitz, CRV and General Catalyst. HyTrust made the acquisition announcement in parallel with its latest funding announcements. The company today said that it has raised a $36 million Series E round led by Advance Venture Partners, with participation from its existing venture capital and strategic investors. These include Sway Ventures, Epic Ventures, Vanedge Capital, Trident Capital, Cisco, Fortinet, Intel and VMware.