HyperGrid Closes $15 Million Round of Funding

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HyperGrid to Invest in Enterprise and MSP Go-To-Market, and Continued Product Innovation

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 HyperCloud™ 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.

About HyperGrid

HyperGrid is the Enterprise Cloud-as-a-Service leader, delivering the industry’s most advanced multi-cloud platform that intelligently deploys and manages applications across any combination of data centers, public or private clouds with automated cost optimization. HyperGrid’s offering, HyperCloud™, uniquely combines application management, intelligent cloud management, and SDI in a software-defined approach to cloud, allowing IT teams to centralize the control, governance, and optimization of cloud resources enterprise-wide while delivering unprecedented simplicity, cost savings, and deployment speed. Learn more at http://www.hypergrid.com and join the conversation at twitter.com/hypergrid.

© 2018 HyperGrid. All rights reserved.

Media Contacts

Declan Waters
Waters Communications
declan(at)waterscomms(dot)com
+1 (408) 510 0414

Jennifer Gill
HyperGrid Inc.
jgill(at)hypergrid(dot)com

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Hypergrid Inc
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Declan Waters
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