HyTrust, which helps companies manage and control virtual infrastructure, has secured $10.5 million in Series B funding from Granite Ventures and Cisco Systems. Existing investors Trident Capital and Epic Ventures also participated in the round. The latest round of funding brings the HyTrust’s total funding to $16 million.
HyTrust says it will use the new funding to drive product development and to fuel sales and marketing efforts. HyTrust has developed a policy management system specifically for virtualization, enabling IT departments to control and virtualize servers.
Investment from enterprise giant Cisco is a huge coup for the company that only launched last year. Of course, the investment must indicate that HyTrust’s product will work seamlessly with cisco’s own virtualization business. HyTrust faces competition from Catbird.