TechTaffy

tech:

taffy

HyTrust raises $36 million; acquires DataGravity

By TechTaffy Desk

Workload security provider HyTrust has raised $36 million in a Series E investment round. The funding was led by Advance Venture Partners. Existing investors Sway Ventures, Epic Ventures, Vanedge Capital, and Trident Capital, also participated in the round; along with Cisco, Fortinet, Intel, and VMware.

The company is utilizing the funds to acquire DataGravity, a data visibility and security company. DataGravity had previously raised $92 million from investors including Andreessen Horwitz, Accel Partners, CRV, and General Partners. Members of the DataGravity team will be joining HyTrust.

HyTrust says it will also use the investment to expand its sales and marketing efforts, as well as to fund product development.

[Image courtesy: DataGravity]

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.