HyperGrid offers HyperCloud, an intelligent hybrid cloud management solution available as SaaS or deployable software on any cloud or on-premises environment. HyperCloud uses an app-centric, modular approach to centralize control, discover and plan migrations, optimize costs, enforce security, and scale operations across private and public clouds. Its analytics are powered by a database of more than 400 million data points across major public clouds to deliver instantaneous, multidimensional recommendations for cost, performance and compliance. The company plans to use the new funding to drive product development, expand HyperCloud’s global reach and support its growing enterprise and managed service provider customer base. HyperGrid reported year-over-year revenue growth of 300% across its enterprise and MSP customers and says over 100 customers have adopted HyperCloud SaaS since its February 2018 launch. Leadership, including CEO Nariman Teymourian and co-founder/Chief Product Officer Manoj Nair, emphasize a proactive, recommendation-driven approach that the company says differentiates it from competitors. HyperGrid provides an enterprise multi-cloud platform, HyperCloud, that deploys and manages applications across any combination of data centers and public or private clouds while offering automated cost optimization. The HyperCloud offering combines application management, intelligent cloud management, and software‑defined infrastructure (SDI) to enable IT teams to centralize control, governance, and optimization of cloud resources enterprise‑wide. The company is focused on expanding commercialization efforts and continuing to add features to its HyperCloud platform. HyperGrid is based in San Jose, CA. No operating metrics or past financing amounts were disclosed in the article. The company completed a new funding round to support these commercialization and product development plans.

Total raised

$40M

Funding rounds

2

Latest round

Series C

Latest activity

Sep 2018