Grazed from HyperGrid
HyperGrid, the market leader in Hybrid Cloud Management (HCM), today announced the closing of a $25M Series C round of funding co-led by new investor, HighBar Partners and current investor Atlantic Bridge Capital, and participated in by current investors Acero Capital. The new round will be used to drive product development, expand the global reach for its flagship cloud management solution, HyperCloud and support the Company’s growing base of enterprise and managed service provider customers.
"Our completeness of vision, our team and differentiated technology have been well-received within the market," said Nariman Teymourian, Chairman of the Board and Chief Executive Officer at HyperGrid. "With the help of our investment partners, we will look to expand the reach of our cloud expertise and industry-leading hybrid cloud management solution to help businesses around the globe with cloud adoption."
Building upon the Company’s successful 2017, HyperGrid has accelerated growth by further penetrating the U.S. market and establishing a solid foothold in APAC and EMEA, resulting in a year-over-year increase in revenue of 300 percent across its enterprise and MSP customer base. HyperCloud is available as a SaaS offering or can be deployed as software on any cloud or on-premises environment to provide customers maximum flexibility in enabling their cloud journey. Since its launch in February 2018, over 100 customers have adopted HyperCloud SaaS. This has enabled HyperGrid to dramatically differentiate itself from competitors which primarily focus on narrower approaches. As a result, HyperGrid was identified as one of CRN Top 10 Cloud Computing Startups for 2018. Additionally, HyperCloud, the industry’s first truly intelligent cloud management solution, was rated one of the top three solutions based on the depth of its capabilities by Forrester in the Q2 2018 Hybrid Cloud Management Wave Report.