HyperQube Technologies secures $2.5m in funding round

HyperQube Technologies enables businesses to easily create a secure cloud network and has bagged $2.5m in funding to increase support for remote working.

The capital investment was led by Leawood Venture Capital, an early-stagy technology-focused investor.

Following the close of the round, the company will expand its sales, marketing and engineering teams.

Companies can leverage the HyberQube solution to replicate entire cloud networks through the click of a button. It claims businesses can reduce their virtualisation spending by up to 80% by removing the waste of replicating infrastructure.

Through its technology, companies can ensure strong cybersecurity measures, with a malware sandbox to test cybersecurity solutions.

The company launched in 2018 and the CEO Craig Stevenson claims the remote workforce is accelerating the move to the cloud, which HyperQube is well positioned to support.

Cloud access risk security startup Ermetic has raised $17.25m in its Series A round to support its go-to-market efforts.

The equity injection was supported by Glilot Capital Partners, Norwest Venture Partners and Target Global.

Copyright © 2020 FinTech Global

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.