HyperGrid, Inc.

HyperGrid, Inc. specializes in cloud management solutions by offering automated visibility across diverse IT environments, enabling organizations to optimize their operations and manage security risks effectively. HyperGrid, Inc. was founded in 2007 and is headquartered in Los Altos, US.

The company focuses on IT management across on-premises, hybrid, and multi-cloud environments. In September 2018, HyperGrid raised USD 25 mn in Series C funding co-led by HighBar Partners, with participation from Atlantic Bridge and Acero Capital, bringing its total capital raised to USD 25 mn and a post-money valuation of USD 26. 4 mn. HyperGrid’s core product is the Illuminate360 platform, which provides continuous, automated visibility for IT environments, including on-premises, hybrid, and multi-cloud configurations.

This agentless platform helps identify application dependencies, offering critical insights for IT stakeholders such as CIOs and CISOs. Illuminate360 automates the discovery of Commercial Off-The-Shelf (COTS) applications and services, catering to organizations from small businesses to large enterprises, and is deployed in key markets like North America, Europe, and Asia-Pacific. HyperGrid operates on a subscription-based revenue model for its Illuminate360 platform. Clients typically engage through direct partnerships, accessing real-time visibility into their IT assets.

Subscription pricing structures are flexible, accommodating different organizational needs. As a Global Independent Software Vendor (ISV), HyperGrid collaborates with major cloud service providers like AWS and Google Cloud, enhancing its market position and revenue through strategic partnerships supporting cloud migration and modernization efforts. HyperGrid plans to leverage the USD 25 mn raised in its Series C funding to enhance its Illuminate360 platform and expand its market reach. The company aims to introduce new features and products designed for mid to large enterprises, with a focus on the North American and European markets by the end of 2023.

This funding will support product development and market expansion initiatives, ensuring that HyperGrid remains competitive in the rapidly evolving cloud management landscape.