Cyberhaven, a leader in data detection and response (DDR), has raised $88 million in a Series C funding round led by Adams Street Partners and Khosla Ventures, with participation from existing investors such as Redpoint Ventures and Costanoa Ventures. Prominent security leaders, including Amol Kulkarni, former CPO at CrowdStrike, also contributed. This investment follows a year of 200% growth in new bookings for Cyberhaven.
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The company’s platform employs pioneering data lineage technology and AI models to protect sensitive data like source code and customer records across various channels, including cloud services and AI tools. Fred Wang of Adams Street remarked, “Cyberhaven is addressing some of the most pressing challenges in data security today, particularly protecting IP from insider threats.” CEO Howard Ting stated that the funding will enable Cyberhaven to “rapidly expand our platform and grow the DDR category.” The company plans to use the funds to expand its product offerings and market reach.
