I have been tracking the progress and success of HYCU for the past 3 years or so. The company has consistently delivered on its roadmap and expanded its platform well beyond the original focus on Nutanix. Its leadership team with Simon Taylor at the helm resisted the (I am safely guessing) many temptations for an equity event these past few years—until recently with last week’s announcement of an $87.5m series A round. This is significant.
Investors across the board (VCs and private equity) have clearly understood the potential of building a unified cloud intelligent data management platform.
HYCU has a vision and is delivering on it with a surgical approach that is clearly paying off. This will only accelerate now, but I expect the same level of precise execution to continue. It’s clear that this investment is going to propel the company to its next level of growth, sending it on a collision course with some established and some newer players in the native cloud data protection space. This being said, there is still plenty of room for growth in the space with significant needs around in-cloud, SaaS and container data protection, and intelligent data management. These critical gaps are asking to be filled, and HYCU is gearing up to do just that.
Overall, I expect HYCU to concurrently accelerate its execution in 3 key areas: platform (including eco-systems partnerships and equity plays), channel/alliances, and marketing.
Congratulations to the HYCU team for this great round!