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COMPANY PROFILE

HyTrust

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Security, compliance and control software for the virtualisation of information technology infrastructure

Mountain View, United StatesFounded 2007Cybersecurity
Valuation $100–250M Last recorded · 2017
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About HyTrust

HyTrust, founded in 2007, established itself as a specialized provider of security and compliance software for virtualized and cloud environments before its acquisition by Entrust in January 2021. The company was founded by Eric Chiu, Renata Budko, Boris Strongin, and Boris Belov. Prior to HyTrust, co-founders Eric Chiu and Renata Budko worked at Cemaphore Systems, a company focused on disaster recovery solutions, which provided them with relevant experience in data protection. HyTrust's business model centered on automating security controls for software-defined computing, networking, and storage workloads. This catered to enterprises, service providers, and government agencies seeking to enhance their security posture in private, public, and hybrid cloud infrastructures.

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The company's offerings were designed to provide visibility, granular policy control, and data protection across these complex IT landscapes. HyTrust's core products included CloudControl, DataControl, and KeyControl. CloudControl is a virtual appliance that acts as an intermediary, enforcing security policies for administrative requests within virtual infrastructures and logging all activities for auditing and compliance purposes. DataControl provides encryption for data at rest on virtual machines, ensuring its security until it is actively in use. Complementing this is KeyControl, a key management server (KMS) designed to handle the lifecycle of encryption keys for numerous encrypted workloads across multi-cloud deployments. These solutions supported major cloud platforms such as VMware, Amazon Web Services, Microsoft Azure, and Google Cloud.

Financially, HyTrust was backed by significant venture capital, raising $5.5 million in its initial round in 2009 from investors including Trident Capital and Epic Ventures. Subsequent funding rounds attracted investments from major technology players like Intel Capital, Cisco, and Fortinet, culminating in a total of $95.5M raised over seven rounds. The company expanded its capabilities through strategic acquisitions, including HighCloud Security in 2013, which added encryption and key management to its portfolio, and DataGravity in 2017. The journey concluded with its acquisition by Entrust, a move intended to integrate HyTrust's management layer for encryption and cloud security policy into Entrust's broader suite of digital security and data protection solutions.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2007
Headquarters
Mountain View, United States
Employees
84
Open positions
None listed
Dealroom signal
61.8/100
Industry
Legal, Security
Sub-industry
Cloud & Infrastructure
Sector
Infrastructure Services, Virtualization, Risk Management, Cybersecurity
Client focus
b2b
Investment activity
2 companies, latest Jul 2017
Capital deployed
—
Preferred round
ACQUISITION

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jan 2021 $0 — Entrust —
SERIES EOther financing Jul 2017 $36M $144M Cisco · VMware · Fortinet · Vanedge Capital —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

HyTrust website traffic

Latest recorded traffic for HyTrust is 7.2K monthly website visits, up 24.1% over the last three months. HyTrust's team grew 0% over the past year.

Latest monthly visits7.2K 3-month web change+24.1% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Trident Capital
  • EPIC Ventures
  • Granite Ventures
  • Cisco

Series B and later11 investors entered at this stage

  • Fortinet
  • Intel Capital
  • VMware
  • In-Q-Tel
  • City National Bank
  • Sway Ventures
  • Intel Corporation
  • AITV - Accelerate IT Ventures
  • Vanedge Capital
  • Trinity Capital
  • Advance Venture Partners

Other known investors1 additional known investor

  • Entrust
Team profiled 21 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Mountain View HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about HyTrust on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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