Cyberhaven Raises $88M in Series C Funding

Cyberhaven

Cyberhaven, a San Jose, CA-based company which specializes in data detection and response (DDR), raised $88M in Series C funding.

The round was led by Adams Street Partners, and Khosla Ventures, with participation from Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, Wing Venture Capital, Amol Kulkarni, Gerhard Eschelbeck, Ash Devata, and others. As part of this financing, Fred Wang, Partner at Adams Street, will join Cyberhaven’s board of directors.

The company intends to use the funds to expand its product offerings, increase its market reach, and continue its mission to protect sensitive data.

Led by CEO Howard Ting, Cyberhaven is an AI-powered data security company that allows companies to detect and stop the most critical insider threats to their most important data. Cyberhaven protects the intellectual property that traditional data loss prevention (DLP), insider risk, and data security posture management (DSPM) tools fail to identify and secure—data like source code, product designs, and customer records. With its data lineage technology and foundational AI model that understands not only content but also context, Cyberhaven is able to classify any sensitive information, understand when it is at risk, and take action to protect it. Its AI technology analyzes billions of workflows to understand every piece of data within an organization, when it’s at risk, and takes action to protect it.

FinSMEs

11/06/2024