Virtualization Technology News and Information
HyperGrid Closes $15 Million Round of Funding

HyperGrid, the Enterprise Cloud-as-a-Service leader, today announced the successful completion of a $15 million funding round led by Acero Capital, Atlantic Bridge Capital, and other investors. The new capital will be used primarily to invest in growing Go-To-Market activities to meet increased demand across our Enterprise and MSP customer bases, while continuing to add industry-first features to its HyperCloudTM platform.

"Cloud adoption and the need for intelligent workload placement in a multi-cloud world continues to grow. 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." Kevin Dillion, Managing Partner, Atlantic Bridge Capital.

HyperGrid's award-winning solution provides enterprises with an integrated approach designed specifically for the cloud. The financing caps an exceptional 2017, with strong growth in bookings, ARR, and key wins across multiple industries.

"To meet the demands of the business, IT is constantly evolving and HyperGrid is at the center of this transformation by delivering a single view of all resources across on-premises datacenters, private and public clouds. "We are proud of the progress HyperGrid has made and are confident that we can capitalize on the enormous opportunity that lies ahead for us," Rami El-Khatib, General Partner, Acero Capital.

Published Thursday, February 15, 2018 10:19 AM by David Marshall
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