Cyberhaven, a San Jose, CA-based AI-powered data security company, raised $88 million in Series C funding.
Investors
The round was led by Adams Street Partners, LLC and Khosla Ventures, with significant participation from existing investors Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, and Wing Venture Capital.
Prominent security leaders including Amol Kulkarni, former CPO at CrowdStrike, Gerhard Eschelbeck, former CISO at Google, Ash Devata, former GM of Duo at Cisco, and others also participated.
Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents. The firm prefers to invest in growth-stage companies through buyouts and invest in seed-stage, early-stage, and later-stage companies through venture capital investments.
Founded in 2004, Khosla Ventures is a venture capital firm based in Menlo Park, California. The firm provides venture assistance to entrepreneurs working on breakthrough technologies. They invest in a range of areas including AI, climate, sustainability, enterprise, consumer, fintech, digital health, medtech and diagnostics, therapeutics, and frontier technology.
Cyberhaven Use of Funds
With this new investment, Cyberhaven plans to expand its product offerings, increase its market reach, and continue its mission to protect the world's most sensitive data.
About Cyberhaven
Cyberhaven specializes in data detection and response (DDR) solutions. They focus on protecting organizations' most valuable asset: their data. Their platform utilizes cutting-edge technology, including data lineage tracking and AI-driven analysis, to classify sensitive information, understand when it's at risk, and take proactive measures to protect it. Cyberhaven's platform is designed to protect data as it moves between various channels, including cloud services, devices, web, email, messaging, and even generative AI tools.
Funding Details
Company: Cyberhaven, Inc.
Raised: $88.0M
Round: Series C
Funding Month: June 2024
Lead Investors: Adams Street Partners, LLC, Khosla Ventures
Additional Investors: Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, Wing Venture Capital, Amol Kulkarni, Gerhard Eschelbeck, Ash Devata
Company Website: https://www.cyberhaven.com/
Software Category: Data Security
Source: https://www.prnewswire.com/news-releases/cyberhaven-raises-88-million-to-protect-enterprise-data-in-the-ai-economy-302169387.html