Enterprise Cloud-as-a-Service Leader HyperGrid Secures $15 Million in Funding
February 26, 2018
Enterprise Cloud-as-a-Service (CaaS) leader HyperGrid has announced it recently secured $15 million in funding. HyperGrid, which has headquarters in San Jose, California, United States, was established in 2009. The company offers the “industry’s first software-defined cloud solution” that manages workloads on multi-cloud environments including “any combination of data centers, public or private clouds”. The system also provides “automated cost, performance, and compliance optimization”. The funding was provided by a group of investors led by Menlo Park, California-based Acero Capital and London, United Kingdom-based Atlantic Bridge Capital.
The company has made considerable progress over recent years and its latest funding will fuel continued growth. HyperGrid’s solution offers an “integrated approach designed specifically for the cloud” with an innovative approach that delivers “a single view of all resources” used by a company in a range of cloud environments. The company’s latest funding will be used to invest in continued product innovation for the enterprise and MSP markets and cater for the increased demand for its services.
“Cloud adoption and the need for intelligent workload placement in a multi-cloud world continues to grow,” explained Atlantic Bridge Capital’s Managing Partner, Kevin Dillion. “However, solutions in this space need to better integrate cloud management, application management and software-defined infrastructure in a single, easy to use, integrated platform. We are pleased to have the opportunity to invest in a company that is successfully doing that across private and public clouds.”